Tuesday 4 June 2013

MIDEAST STOCKS-Egypt drops to 5-wk low on political woes; Gulf mixed | Reuters

"Egypt's bourse dropped to a five-week low on Tuesday, making its biggest one-day loss in two months on increasing fears of political instability, while Gulf markets were mixed.

Cairo's main benchmark lost 1.6 percent, its lowest since April 30.

Investors are selling ahead of planned protests on June 30, which marks the one-year anniversary of President Mohammed Morsi taking office. Some are worried the protests could get violent."

'via Blog this'

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