Egypt Market Slides TodaySource: Ahram Online 12/6/2012, Location: Africa |
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Egypt stocks tumbled in the aftermath of violent clashes between pro and anti-Morsi supporters that left at least five dead and some 500 injured. 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 polarized factions. The market dropped some 600 points since 22 November. |
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