Sunday, 30 January 2011

UPDATE 1-Gulf markets tumble on Egypt turmoil, contagion fears | Reuters

Gulf stock markets tumbled on Sunday as investors, rattled by turmoil in Egypt and concerns the unrest may spread, shed their positions to push indices to multi-week lows.

Egyptian protesters were on the streets again in central Cairo on Sunday, demanding President Hosni Mubarak step down while security forces struggled to contain looters. [ID:nLDE70S0LV]

Egypt's bourse .EGX30 was shut on Sunday after falling 16 percent in two days last week. The Egyptian pound EGP= has fallen to six-year lows.

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