Market Watch: Egyptian Bourse's Main Index Reaches Highest Level Ever on SundaySource: www.export-egypt.com 8/27/2023, Location: Africa |
|
|
|
|
|
The Egyptian Exchange started the week with a record high as the new chairman started his term. The benchmark index EGX30 reached its all-time high at 18,516.59 points. On the other hand, gold prices declined.
The benchmark EGX30 index rose by 1.7 percent to close at 18,516.59 points, its highest level ever. The closing value of the EGX70 index was 3,741.03 points, up 1.05 percent. The EGX100 grew by 1.13 percent to end at 5,505.36 points. On Thursday, the market capitalization increased by EGP 17 billion, reaching more than EGP 1,256. billion. Egypt for Poultry was the greatest gainer, surging 19.71 percent to settle at EGP 3.34 per share. Obour Land For Food Industries was the biggest loser, tumbling 3.21 percent to end at EGP 8.14 per share. On Thursday, Prime Minister Mostafa Madbouly appointed Ahmed El-Sheikh as the new chairman of the Egyptian Exchange for a one-year term, effective 26 August according to a cabinet statement. Gold prices The cost of a gram of 24-karat gold inched down by EGP 40 to EGP 2,554.25. The price of a gram of 21-karat gold declined by EGP 35 to EGP 2,235. The 18-karat gold price decreased by EGP 30 to reach EGP 1,915.75 per gram. The gold pound was priced at EGP 17,880 on Sunday, EGP 180 lower than. *Prices reflect updates recorded as of midday. Currencies The official exchange rate between Egyptian pounds and dollars was steady, with a purchase rate of EGP 30.83 and a sell rate of EGP 30.96. The exchange rate for the euro was EGP 33.299 for purchase to EGP 33.447 for sale. The exchange rate for the Saudi riyal was 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 | |
