EGP index rose against a basket of major currencies to 35.410 points at today's trading

The Egyptian pound index recorded gains against major currencies by the close of trading on Tuesday, May 19, with the index rising to 35.410 points, compared with 35.262 points at the close of Monday’s session.

The increase in the Egyptian pound index was driven by its appreciation against the U.S. dollar, euro, British pound, Japanese yen, UAE dirham, Saudi riyal, and Chinese yuan at the end of today’s trading.

The average selling price of the U.S. dollar declined to EGP 53.17 from EGP 53.37 by the close of trading, while the average buying price fell from EGP 53.27 to EGP 53.17.

The average selling price of the euro also decreased to EGP 61.78 from EGP 62.13, while the average buying price dropped from EGP 62.01 to EGP 61.65.

Meanwhile, the average selling price of the British pound declined to EGP 71.27 from EGP 71.39, while the average buying price edged down to EGP 71.13 from EGP 71.23.

The average selling price of the Japanese yen fell to EGP 33.41 from EGP 33.60, while the average buying price decreased to EGP 33.35 from EGP 33.54.

The average selling price of the UAE dirham dropped to EGP 14.48 from EGP 14.53, while the average buying price declined to EGP 14.45 from EGP 14.50.

Similarly, the average selling price of the Saudi riyal eased to EGP 14.17 from EGP 14.22, while the average buying price fell to EGP 14.14 from EGP 14.19.

The average selling price of the Chinese yuan also declined to EGP 7.81 from EGP 7.85, while the average buying price edged down to EGP 7.80 from EGP 7.83 by the end of trading.