Egypt’s once vibrant stock market is in the dumps. After initial hopes that a revolution-induced slump could be reversed, the market has drifted down, and has now shed half its value this year – making it one of the world’s worst performing indices.
Trading activity has slumped even more, from a daily turnover of about $150m in 2010 to an average of less than $50m over the past three months, according to Zawya, a data provider.
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