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. [2]
The main EGX30 index slid 4.3 per cent to sit at 4,854 points 45 minutes into the session [3]. 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.
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[1] http://www.syndigate.info
[2] http://www.albawaba.com/news/egypt-constitution-protest-454874
[3] http://www.albawaba.com/business/egypt-economy-454054
[4] http://english.ahram.org.eg