Market Watch: Gold Climbs Higher in Egypt ; Stock Market Indices End In RedSource: www.export-egypt.com 8/2/2023, Location: Africa |
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The gold prices inched higher, while the Egyptian Exchange indices suffered a marginal decline.
Stock market The leading index EGX30 declined by 0.33 percent to end at 17,455.6 points. The EGX70 index lost 0.89 percent to close at 3,505.13 points. EGX100 slipped by 0.86 percent to close at 5,171.7 points. Market capitalization declined by nearly EGP 4 billion on Wednesday to over EGP 1,183 billion. Top gainer was Giza General Contracting, which surged about 31.02 percent to close at EGP 0.245 per share. Top loser was Rakta Paper Manufacturing after falling 7.3 percent to close at nearly EGP 11.9 per share. Gold prices The price of 24-carat gold inched higher by EGP 6 to EGP 2,457.25 per gram. 21-carat gold rose by EGP 5 to EGP 2,150 per gram. 18-carat gold is priced at EGP 1,842.75 per gram, EGP 4 higher than Tuesday's price. The gold pound price increased by EGP 40 to EGP 17,200. *Prices reflect updates recorded as of midday. Currencies The official dollar exchange rate was stable, with a buy rate of EGP 30.83 and a sell rate of EGP 30.96. The euro was bought at EGP 34.84 and sold at EGP 34. The Saudi riyal was priced at EGP 8.22 to buy and EGP 8.25 to sell. *Sources: The Central Bank of Egypt's official exchange rates, the Egyptian Exchange, and iSagha. |
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