Monday 10 December 2012

MIDEAST STOCKS-Egypt drops after opposition rebuff on constitution - Yahoo! News Maktoob

Egypt's bourse fell on Monday as local investors booked the previous session's gains after the main opposition coalition rejected Islamist President Mohamed Mursi's plan for a constitutional referendum.
Opponents accused Mursi of plunging Egypt deeper into crisis when he refused to postpone the vote on a constitution shaped by Islamists.
Mursi scrapped on Saturday a decree giving himself wide powers, spurring a relief rally on the bourse, driven by foreign buyers. Egyptian investors however remain uncertain about the country's political and economic outlook.

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