Egypt's stocks tumble over Port Said violence

Published January 27th, 2013 - 10:59 GMT
The Egyptian stock market tumbled on Sunday after a weekend of heavy clashes across the country left many dead
The Egyptian stock market tumbled on Sunday after a weekend of heavy clashes across the country left many dead

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.

 

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