Egypt Shares Tumble to 2-Year Low as Trading Resumes in Cairo
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Egypt’s benchmark stock index fell to the lowest level in almost two years after a two-month suspension amid a popular revolt that toppled the North African country’s president.
The EGX 30 Index, the world’s worst performing stock measure this year, retreated 8.9 percent to 5,142.71, the lowest level since April 2009, at the 1:30 p.m. close in Cairo. Trading was halted today for 30 minutes after the EGX 100 index fell 7 percent. Orascom Construction Industries, the nation’s largest publicly traded builder, retreated to the lowest since July