Sunday 8 April 2012

An uncertain week looms for Egypt - The National

Political uncertainty is threatening to weigh on Egypt's stock market this week.

Trading has slowed since the Muslim Brotherhood's decision to push one of its senior leaders, Khairat Al Shater, for the presidency, reversing an earlier pledge to stay out of the race.

The EGX 30 Index has rallied as much as 51 per cent this year amid expectations that the worst was over as the country made steps towards political development more than a year after the revolution that toppled Hosni Mubarak from the presidency.

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