Egypt’s revolution was relatively bloodless, and judging by its stock market’s performance since it reopened last week, the financial impact may well be less than feared by many analysts.
After dropping the maximum allowed by emergency circuit-breakers minutes after reopening on March 23, the Egyptian bourse quickly found its feet and has gained a remarkable 10 per cent this week.
It is now down 23 per cent from the start of the year – a moderate fall given the scale and breadth of events in the country, and the clumsily handled closure.
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