Latest news with #ArabFinance
Zawya
3 days ago
- Business
- Zawya
Gold prices in Egypt fall on Tuesday
Arab Finance: The gold prices in Egypt dropped on Tuesday after the 24-karat fell to EGP 5,245.75 per gram for purchasing and EGP 5,274.25 for selling, according to iSagha's data. Meanwhile, the 22-karat gold price recorded EGP 4,808.5 for buying and EGP 4,834.75 per gram for selling. The 21-karat gold stood at EGP 4,590 per gram for purchasing and EGP 4,615 for selling. Likewise, the 18-karat gold declined to EGP 3,934.25 per gram for buying and EGP 3,955.75 for selling. The gold pound's price retreated to EGP 36,720 for buying and EGP 36,920 for selling. Finally, the gold ounce's price hit $3,297.98 for purchasing and $3,298.27 for selling. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
5 days ago
- Business
- Zawya
Gold prices in Egypt collectively jump on Monday
Arab Finance: The gold prices in Egypt recorded a collective surge on Monday, with the 24-karat hitting EGP 5,3142.25 per gram for purchasing and EGP 5,337.25 for selling, iSagha's data showed. Likewise, the 22-karat gold price rose to EGP 4,8715 for buying and EGP 4,892.5 per gram for selling. The 21-karat gold stood at EGP 4,650 per gram for purchasing and EGP 4,670 for selling. As for the 18-karat gold, its price increased to EGP 3,985.75 per gram for buying and EGP 4,002.5 for selling. The gold pound's price amounted to EGP 37,200 for buying and EGP 37,360 for selling. Meanwhile, the gold ounce's price registered $3,333.16 for purchasing and $3,333.53 for selling. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
5 days ago
- Business
- Zawya
Egypt: Madinet Masr logs $230mln in Q1 2025 contracted sales
Arab Finance: Madinet Masr reported contracted sales of EGP 11.5 billion during the first quarter (Q1) of 2025, down 22.9% year on year (YoY), as per an emailed press release. The company delivered 1,013 units in Q1 2025, a sharp increase from 140 units in the same period last year, marking an annual growth of 623.6%. Revenue declined by 16.7% YoY to EGP 2.6 billion, driven by a 23.4% drop in new sales revenue. Gross profit fell by 30.9% to EGP 1.7 billion due to lower revenue and higher operating costs, with the gross profit margin narrowing to 65.2% from 78.6% a year earlier. EBITDA dropped by 33.5% YoY to EGP 1.0 billion, with an EBITDA margin of 40.7%. Net profit also decreased by 32.6% to EGP 794.9 million, while the net profit margin remained stable at 31.0%. Net borrowings declined by 19.2% to EGP 675.3 million as of March 31, 2025, compared to EGP 835.6 million at the end of 2024. Cash collections rose slightly by 1.7% YoY to EGP 3.4 billion, reflecting improved collection efficiency. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
23-05-2025
- Business
- Zawya
Egypt: EGX ends Thursday's session with positive perfromance
Arab Finance: The Egyptian Exchange (EGX) concluded Thursday's trading session higher, with the EGX30 index up by 0.44% to 31,975.63 points. Likewise, the Sharia-compliant index, EGX33 Shariah index, increased by 0.40% to 3,268.79 points. Both EGX70 and EGX100 indices also ended the session higher by 0.75% at 9,389.83 points and 0.69% at 12,776.68 points, respectively. The turnover totaled EGP 13.506 billion after 1.741 billion shares were exchanged over 100,012 transactions, while the market cap hit EGP 2.247 trillion. Retail investors made up 23.15% of the total trading, while the institutions controlled 76.84%. Egyptian investors took over 97.21% of the trading transactions, while foreign and Arab traders equaled 1.06% and 1.73%, respectively. Arab and foreign investors were sellers with EGP 88.080 million and EGP 55.136 million, respectively. The Egyptians were buyers with EGP 143.216 million. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
23-05-2025
- Business
- Zawya
Gold prices in Egypt drop on Thursday
Arab Finance: The gold prices in Egypt fell on Thursday after the 24-karat rose to EGP 5,280 per gram for buying and EGP 5,308.5 for selling, iSagha's data showed. The 22-karat gold price hit EGP 4,840 for buying and EGP 4,866.25 per gram for selling. Additionally, the 21-karat gold reached EGP 4,620 per gram for purchasing and EGP 4,645 for selling. The 18-karat gold price stood at EGP 3,960 per gram for buying and EGP 3,981.5 for selling. The gold pound's price registered EGP 36,960 for buying and EGP 37,160 for selling. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
