The turmoil in Egypt had a negative effect on Arab stock markets. According to Kuwaiti asset managers KAMCO, $49 billion have been wiped off the value of shares on Arab stock markets since anti-government protests in Egypt began.
The capitalization of 13 Arab bourses plunged from $991 billion on Jan. 25, when mass protests against President Hosni Mubarak began, to $942 billion at the end of January, Agence France Presse quoted a KAMCO report as saying.
Most of the decline came from Gulf stock markets, which dropped $32 billion in value to $750 billion, with the Saudi bourse — the largest in the Arab world — diving $21 billion.
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