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.
- What's its secret? Kuwait sustains non-oil growth for two years
- The reliable consumer: China on track to become biggest export market for GCC by 2020
- After the GCC 'happy' summit, is a customs union closer to reality?
- A bleak record: Turkey comes second in OECD income inequality list
- ًA safe bet? Why the ME's businessmen are chasing after St.Kitts and Nevis' citizenship