Egyptian markets made small gains on Wednesday after reaching a three-year high on Tuesday.

The benchmark EGX30 index inched up 0.05 percent to 6,723 points.

On Tuesday, the index gained 1.15 percent to reach 6,644 points, its highest level since January 2011.

Turnover of listed stocks recorded LE462.3 million ($67.03 million).

Non-Arab foreign investors were net sellers at a value of LE10.6 million ($1.54 million) while Arab investors were buyers of LE6.1 million ($0.88 million).

Out of 181 stocks traded, 69 were gainers while 83 were losers.

Of the ten companies with the highest turnover, two were losers, namely Telecom Egypt and investment bank EFG Hermes Holding Company, which inched down 0.37 and 0.11 respectively.

Market bellwether Commercial International Bank (CIB) saw its shares inch up 0.68 percent, real estate company Amer Group Holding gained 4.41 percent and Orascom Telecom Media and Technology Holding gained 1.32 percent.

The broader index EGX70 remained unchanged.