Gulf Arab fund managers who only weeks ago were predicting Egypt would be the top regional performer in 2011 are now caught in the country's political upheaval as the local financial markets remain shut.
The main Egyptian share market index has dropped more than 21 percent since the start of the year and financial markets have now been shut for the last five working days as protesters demanding an end to President Hosni Mubarak's rule camp in Cairo's streets,
Fund managers are now hoping they can cut losses once the market reopens. Egypt's stock exchange is due to reopen on Monday provided banks are operating smoothly, its chairman was quoted as saying
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