Wednesday, 2 May 2012

MIDEAST STOCKS-Egypt falls after clashes; Dubai extends decline - Yahoo! News UK

Egypt's market fell on Wednesday as concerns weighed over the country's transition to democracy after deadly clashes near the Defence Ministry in Cairo, while Dubai's bourse fell for a sixth session and other markets were flat. Cairo's benchmark index fell 0.6 percent.
"The market is reacting to the violence and clashes," said Mohamed Radwan of Pharos Securities.
Eleven people were killed and more than 160 wounded near the ministry after armed men assaulted protesters demanding an end to army rule, prompting two Islamist candidates to suspend their presidential election campaigns.

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