Cairo - Mubasher: The Egyptian Exchange (EGX) closed higher on Wednesday, with the 30-point index climbing above 31,000 points despite a decline in CIB shares.

The main index, EGX30, rose 0.37% to close at 31,049 points, despite a 0.25% decline in the CIB.

Market capitalization rose by EGP 7.9 billion at the end of trading, closing at EGP 2.288 trillion.

The EGX70 Equal Weight Index for Small and Medium Enterprises rose by 0.82% to close at 8,737.67 points, while the broader EGX100 Equal Weight Index rose by 0.91% to close at 12,115.24 points.

During the trading session, 1.49 billion shares were traded, with a trading value of EGP 3.9 billion, through 97,460 transactions. 212 shares were traded during the session, of which 100 shares rose, 68 shares declined, and 44 shares remained unchanged.

In terms of investor transactions, Arab investors were the sole buyers of shares, with a net value of EGP 107.7 million, while foreigners and Egyptians were the sellers, with a net value of EGP 83.1 million and EGP 24.6 million, respectively.

Institutional transactions varied, with local banks buying at a net value of EGP 217.7 million, foreign banks selling at a net value of EGP 82.9 million, and Arab banks buying at a value of EGP 5.38 million.