Egypt’s Stock Market Becomes Clear Victim of Weekend Protests
Traders sit beneath a screen at the Egyptian stock exchange in Cairo.
Photographer: Shawn Baldwin/Bloomberg
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The stock market in Egypt is so far a clear victim of the unhappy memories that protests in the North African country have prompted among investors, who are selling off fast.
The main index in Cairo lost about 11% in three days following small anti-government demonstrations that started Friday. Even though the rallies didn’t last past Sunday or expand beyond several hundred participants, share-sale orders are piling up -- mostly from foreigners, in a market that until the end of last week was among the top four performers globally, in dollar terms.