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

The market capital gained about 700 million pounds to reach 422 billion pounds, after transactions hit about 639.3 million pounds.

The EGX 30 benchmark index was up by 0.32 percent to reach 6,629.32 points.

The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) rose by 1.15 percent to 364.69 points.

The all-embracing EGX 100 index also increased by 0.43 percent to close at 765.03 points.