EGYPT

 

Egyptian Equities Tumble To Five-Month Low On Rising Political Tensions

Stocks on the Egyptian Exchange slumped last week on rising political tensions with the benchmark EGX 30 Index dropping to a five-month low of 4,013.60 points on 21 June. It closed down nearly 9% on the previous week’s level. Investors have fled Egyptian equities with confidence taking a battering on concerns that political instability will continue. Crowds filled...