Egyptian stocks slide after violent protests
Egypt stocks tumbled Thursday morning in the aftermath of violent clashes between pro and anti-Morsi supporters that left at least five dead and some 500 injured Wednesday night.
The main EGX30 index slid 4.3 per cent to sit at 4,854 points 45 minutes into the session. The broader EGX70 also dropped, by three per cent.
Political turbulence has taken its toll on the exchange since 22 November when President Mohamed Morsi issued a highly controversial constitutional declaration that split Egypt into two polarised factions.
The market dropped some 600 points since 22 November.
- The Arab Spring ain't over, or at least demands: voting Tunisians place jobs at the top of their priority list
- It's not about bikinis: Lebanon world's eighth worst in terms of gender equality-World Economic Forum
- The plight of unpaid expats in Saudi Arabia
- Grandiose promises, humble gestures: will Gaza actually receive all the aid it was pledged?
- Trouble getting them, trouble keeping them? Middle East firms challenged in attracting, retaining talent