"The Arab Spring is officially over, at least as far as Egyptian equities are concerned.
In a milestone of sorts, Egypt’s benchmark EGX30 stock index on Tuesday hit a new three-year high, surpassing for the first time its level on January 14, 2011. That was the day when a popular uprising felled Tunisian leader Zine el Abidine Ben Ali and set off frenzied speculation about which Arab leader would be next to fall.
Source: S&P Capital IQ
The return of share prices to pre-Arab Spring levels came as Egyptians began two days of voting on a draft constitution hailed as a stabilising force by the powerful military and its allies in the security apparatus and elite business circles."
'via Blog this'