Market Watch: Gold Continues Losses on Wednesday; Euro Inches DownSource: www.export-egypt.com 5/24/2023, Location: Africa |
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Gold prices declined midday tradings, continuing a downturn that started, while the Egyptian pound rose by nearly 14 piastres against the Euro.
Gold prices - The 24 karat per-gram price stood at EGP 2714.25, down from EGP 2731.5 yesterday, losing around EGP 17. - The 21 karat hit EGP 2375 per gram. - The 18 karat per-gram price reached EGP 2035.75. - The gold pound was priced at EGP 19000. *Prices reflect updates recorded by midday. Stock market - EGX30 rose by 1.8 percent to end at 17090.56 points. - EGX70 increased by 0.61 percent to stand at 3084.69 points. - EGX100 inched up 0.89 percent to close at 4649.94 points. - Market cap surged by about EGP 16.8 billion to end at around EGP 1.1 trillion. - Top gainer in the market was North Cairo Mills after rising by 13.32 percent to close at EGP 40.24. - Top loser was Copper For Commercial Investment & Real Estate Development, with a decline of 7.36 percent, ending at EGP 17. Currencies - The dollar remains stable in the official market, trading at EGP 30.82 for purchase and EGP 30.95 for sale. - The euro slipped to EGP 33.21 for purchase and EGP 33.36 for sale. - The Saudi riyal stabilized at EGP 8.22 for purchase and EGP 8.25 for sale. *Sources: The Central Bank of Egypt's official exchange rates, the Egyptian Stock Exchange, and iSagha. |
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