Egypt's stocks tumble over Port Said violence
Egypt stocks tumbled Sunday morning as a wave of political unrest hit the country, with violent clashes erupting between the police and security forces in Cairo, Suez, Port Said, Mahala and Alexandria.
The main EGX30 index declined by 1.1 per cent to sit at 4,624 points an hour into the session. The broader EGX70 also dropped, by 1.86 per cent.
This brings down the gains the market saw since the begning of 2013 to some 2.9 per cent.
Turnover marks a weak LE90 million so far, with 97 shares losing value and only 9 gaining.
- Oman’s Duqm tourist complex moves forward with government approval
- Kuwait fights budget deficit: Reexamining government salaries, expatriate labor
- Tunisian Confederation of Industry, Trade, and Handicrafts fights nationwide unemployment levels
- Construction costs fall in Dubai
- Western tourists flock to Iran, could generate $30B in new revenue