Egypt Stock Trading Slumps to Five-Year Low Before Protests
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Trading in Egypt’s benchmark stock index, the world’s worst performer in June, tumbled to the lowest level by value in five years, on concern anti-government protests will bring the nation to a “tipping point.”
Shares of about 70 million Egyptian pounds ($10 million) were traded yesterday, the lowest since Bloomberg started tracking the data in August 2008. About 156 million pounds changed hands today, compared with a 12-month average of about 400 million pounds.