Market Watch: Egyptian Bourse Reaches New High on Gold ReboundsSource: www.export-egypt.com 8/16/2023, Location: Africa |
|
|
|
|
|
The Egyptian Exchange's main index reached a record level Gold prices rebounded, shrugging off some of the loses on the last two days.
The leading index EGX30 grew by 0.54 percent to end at 18,062.5 points, the highest level in three years. The EGX70 index, on the other hand, inched down by 0.38 percent to close at 3,625.25 points. EGX100 slipped by 0.06 percent to close at 5,364.33 points. Market capitalization gained EGP 5 billion on Wednesday to reach EGP 1,224 billion. The top gainer was Juhayna Food Industries for the second day in a row after surging 20 percent to close at EGP 17.04 per share. The top loser was Belton Financial Holding, after falling 6.32 percent to close at EGP 3.41 per share on Wednesday. Gold prices The price of 24-carat gold rose by EGP 40 to reach EGP 2,525.75 per gram. 21-carat gold increased by EGP 35 to hit EGP 2,210 per gram. 18-carat gold price grew by EGP 30 to EGP 1,894.25 per gram. The price of a pound of gold reached EGP 17,680 on Wednesday, EGP 180 higher than. *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 33.65 and sold at EGP 33.80. 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. |
|
|
Financials and Investment News in Egypt >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| Egypt Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | |
