Egypt Shares Slide the Most in a Month on Deadly Clashes

Egypt’s stock index dropped the most in almost a month and the benchmark bonds declined after dozens were killed in clashes between the military and supporters of deposed Egyptian President Mohamed Mursi.

The benchmark EGX 30 Index decreased 3.6 percent, the biggest retreat since June 12, to 5,123.06 at the close in Cairo as all but two stocks declined. Commercial International Bank SAE led the drop, losing 3.7 percent on volume of 1.7 times the three-month daily average. The yield on the 5.75 percent bonds due in April 2020 jumped 30 basis points to 9.37 percent at 4:26 p.m. in Cairo, according to data compiled by Bloomberg.