Latest news with #ArabFinance
Zawya
a day ago
- Business
- Zawya
Gold prices in Egypt record collective drop on Wednesday
Arab Finance: The gold prices in Egypt dropped on Wednesday after the 24-karat retreated to EGP 5,485.75 per gram for purchasing and EGP 5,508.5 for selling, according to iSagha's data. Likewise, the 22-karat gold price hit EGP 5,028.5 for buying and EGP 5,049.5 per gram for selling. The 21-karat gold also declined to EGP 4,800 per gram for purchasing and EGP 4,820 for selling. The 18-karat gold price dropped to EGP 4,114.25 per gram for buying and EGP 4,131.5 for selling. Meanwhile, the gold pound's price recorded EGP 38,400 for purchasing and EGP 38,560 for selling. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
a day ago
- Business
- Zawya
Egypt: EGX ends Wednesday's trading session up
Arab Finance: The Egyptian Exchange (EGX) closed Wednesday's trading session with collective gains, with the EGX30 index going up by 0.37% to 30,838.98 points. The Sharia-compliant index, EGX33 Shariah index, rose by 0.63% to 3,214.17 points. Both the EGX70 index and the EGX100 index closed the session higher by 0.54% at 9,040.23 points and by 0.56% at 12,302.61 points, respectively. EGX's turnover stood at EGP 3.033 billion through the trading of 1.155 billion shares in 105,349 transactions, while the market cap hit EGP 2.183 trillion. Retail investors controlled 70.65% of the total trading, while the institutions equaled the remaining 29.34%. Arab and foreign traders accounted for 4.82% and 4.67% of the trading transactions, respectively. The Egyptian investors took over 90.52%. The Egyptian investors were sellers with EGP 199.243 million. Foreign and Arab traders were buyers with EGP 143.335 million and EGP 55.908 million, respectively. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
3 days ago
- Business
- Zawya
Gold prices in Egypt collectively drop on Monday
Arab Finance: The gold prices in Egypt dropped on Monday after the 24-karat fell to EGP 5,542.75 per gram for purchasing and EGP 5,571.5 for selling, as per iSagha's data. The 22-karat gold price also went down to EGP 5,081 for buying and EGP 5,107.25 per gram for selling. Meanwhile, the 21-karat gold recorded EGP 4,850 per gram for purchasing and EGP 4,875 for selling. The 18-karat gold price amounted to EGP 4,157.25 per gram for buying and EGP 4,178.5.5 for selling. Likewise, the gold pound's price declined to EGP 38,800 for purchasing and EGP 39,000 for selling. On the global level, the gold prices soared for the fourth consecutive session to a near two-month high on Monday, as Iran-Israel clashes pushed investors towards safe-haven assets. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
3 days ago
- Business
- Zawya
Egypt: Reserve money rises to $42.9bln end-May, CBE
Arab Finance: Reserve money (MO) in Egypt increased to EGP 2.166 trillion by the end of May 2025, up from EGP 2.045 trillion at the end of April 2025, according to data from the Central Bank of Egypt (CBE). It is worth noting that at the end of May 2024, MO stood at EGP 1.827 trillion. Data also showed that net foreign assets stood at EGP 492.332 billion end-May, down from EGP 605.259 billion in April. However, they were higher than the recorded foreign assets of EGP 458.630 billion in May 2024. Meanwhile, net domestic assets amounted to EGP 1.673 trillion at the end of May, rising from EGP 1.440 trillion end-April. In May 2025, net domestic assets reached EGP 1.368 trillion. The CBE revealed before that Egypt's net international reserves (NIR) reached $48.526 billion at the end of May 2025. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
3 days ago
- Business
- Zawya
Egypt: Giza General Contracting records 36.4% YoY higher consolidated profits in Q1 2025
Arab Finance: Giza General Contracting and Real Estate Investment Company posted 36.40% year-on-year (YoY) higher consolidated net profits attributable to the holding company in the first quarter (Q1) of 2025, as per the financial results. The quarterly earnings recorded EGP 21.321 million at the end of March 2025, compared to EGP 15.631 million. Earnings per share (EPS) increased to EGP 0.015 from EGP 0.011, while the revenues hiked to EGP 239.842 million from EGP 201.794 million. As for the standalone business, the company's net profits after tax dropped to EGP 14.519 million in Q1 2025 from EGP 18.189 million in Q1 2024. Non-consolidated EPS plunged to EGP 0.009 from EGP 0.011, whereas the revenues jumped to EGP 239.842 million from EGP 201.794 million. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
