Saudi Arabia's shares slumped on Sunday, dragging the market down to a 10-month low as political turmoil in Egypt sparked by President Mursi's new powers spooked regional investors, while other Gulf markets closed mixed.
Egypt President Mohamed Mursi decree issued on Thursday that defends his decisions from judicial review, set off street violence and unravelled efforts to restore stability after last year's revolution. Cairo's index plunged 9.6 percent.
Investors are concerned Egypt's political unrest could have widespread implications for the Middle East.
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