Egypt stocks rallied on Wednesday, buoyed by positive news regarding two of Egypt’s largest financial institutions.

Egypt's main index EGX30 gained 1.02 percent on Tuesday to register 7,717 points, the highest in a month, with daily turnover for listed securities registering EGP 583 million.

Egypt's benchmark index EGX30 edged down 0.71 percent to 7,563 points on Sunday, one day before the start of the holy month of Ramadan.

Egypt's EFG Hermes has received approval from Lebanon's central bank to sell a 40 percent stake in Credit Libanais, the company said on Sunday.