The Egyptian Exchange (EGX) indices continued their upward trend on Wednesday, backed by intensive purchases by Arab and foreign institutions and investment funds.

The market capital gained about 3.5 billion pounds to reach 404.1 billion pounds.

The EGX 30 benchmark index leapfrogged by 1.22 percent to reach 7,420.61 points.

The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) went up by 0.95 percent to reach 368.55 points.

The all-embracing EGX 100 index also increased by 0.97 percent to close at 785.49 points.