Egypt Assets Extend Declines After Anti-Government Protests
- Short-term volatility with equities trading surged in Cairo
- Yield on 2029 dollar bonds climbs the most since issuance
Protests in downtown Cairo on Sept. 20.
Source: AFP via Getty Images
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Egyptian stocks extended losses and dollar bonds fell after small but rare anti-government protests over the weekend.
The EGX 30 dropped 1.5% on Monday, extending losses to 6.7% since rallies in several cities over the weekend evoked memories of the instability that followed the 2011 uprising and ouster of former President Hosni Mubarak.