The Egyptian Exchange (EGX) gained some 10.1 billion pounds at the end of trading Wednesday on the back of purchase operations by optimistic investors following a government announcement about upcoming negotiations with the International Monetary Fund on a 21-billion-dollar loan.

The EGX 30 benchmark index went up by a whopping 4.97 percent to reach 7,914.74 points.

The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) also upped by 0.58 percent to reach 363.88 points.

The all-embracing EGX 100 index rose by 1.4 percent to reach 782.58 points.