Cairo – Mubasher: The Egyptian Exchange (EGX) initiated Wednesday's trading session on a higher note backed by local purchases.

By 10:40am Cairo time, the main index added 8.7 points, or 0.11%, to the mark of 8,222 points.

The small and mid-cap EGX70 rose 0.42% to 335.8 points.

The broader index EGX100 was higher 0.27% to 788.18 points.

The equal-weighted EGX50 steadied at 1,262 points.

Nationals were net buyers by EGP 8.4 million, while foreign and Arab investors were net sellers by EGP 7 million and EGP 1.4 million, respectively.

Cairo bourse retreated yesterday amid selling pressures by foreign and Arab investors and the EGX30 went down 0.36% to 8,213.53 points.

Trading value reached EGP 52.5 million after 16.4 million shares were traded.

Global Telecom was the most active stock in terms of value after registering EGP 27.2 million for 5.35 million share changed hands. The stock quote was placed at EGP 5.08 with a 1.18% slide.