The Egyptian Exchange (EGX) closed on Wednesday with gains backed by share purchases by local and Arab investment funds.

The market capital achieved gains worth EGP 1.5 billion to reach EGP 414.9 billion, after transactions hit EGP 698.3 billion.

The EGX 30 benchmark index soared 1.1 percent to close at 6,391.07 points.

The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) rose by 0.31 percent to 351.17 points.

The all-embracing EGX 100 index also increased by 0.49 percent to close at 745.16 points.