Market watch: EGX100 exceeds 9,300 Points; gold pound coin reaches EGP 31,000

Ahram Online , Thursday 1 Feb 2024

The Egyptian Exchange (EGX) concluded Thursday's session on a positive note, with the EGX100 index surpassing 9,300 points. Simultaneously, the gold pound coin reached a new high value of EGP 31,000.

Gold pound coins.
Gold pound coins.


Stock market

The EGX30 index saw a 0.54 percent increase, concluding Thursday's session at 28,434 points.

Moreover, the EGX70 index rose by 4.79 percent, settling at 6,630 points, while the EGX100 index surged by 4.20 percent, closing at 9,362 points.

The market cap gained around EGP 43 billion compared to Wednesday’s session, reaching EGP 2,011 billion.

Iron and Steel for Mines and Quarries was the best performer in the market on Thursday, jumping 19.89 percent to end at EGP 4.52.

Today's worst performer was Egyptian Kuwaiti Holding-EGP, which dropped 8.27 percent to close at EGP 44.26.

Gold purchase prices

The purchase price of 24-carat gold rose by EGP 28, reaching EGP 4,428 per gram on Thursday, compared to the previous day.

The price of 21-carat gold increased by EGP 25 to EGP 3,875 per gram, and the 18-carat grew by EGP 21 to settle at EGP 3,321.

The gold pound coin reached a purchase price of EGP 31,000, nearly EGP 200 higher than the previous day.

*Prices reflect updates recorded as of midday.


The official EGP/USD exchange rate remained at EGP 30.8414 for buying and EGP 30.9386 for selling.

The euro is valued at EGP 33.3396 for purchase and EGP 33.4570 for sale.

The Saudi riyal is priced at EGP 8.2239 for buying and EGP 8.2503 for selling.

*Sources: The Central Bank of Egypt's official exchange rates, the Egyptian Exchange, and Masrawy.

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