Egypt’s Markets Are Strangely Stable

Shopkeepers in Cairo's Rabaa Square on Aug. 2 Photograph by Niklas Meltio/Corbis

More than 1,000 people have died in Egypt in the past six days, but you’d never know it to look at the Egyptian stock market. Since June 30, the first day of mass protests that contributed to the downfall of President Mohamed Mursi, the country’s two main stock market indexes are up 12 percent.

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