Egypt's bourse slipped to a nine-day low on Wednesday, extending losses as political tensions encouraged investors to book gains from the rally of the past two weeks. Gulf markets were mixed.
Cairo's benchmark index slipped 0.3 percent to 5,301 points, down for a third session from last week's one-month high. Mid-caps weighed, with Orascom Telecom losing 1.1 percent and Citadel Capital falling 1.4 percent.
There was fresh evidence of how the controversy over Egypt's new constitution is hurting economic policy, as the Al-Mal newspaper quoted Planning Minister Ashraf al-Araby as saying the government would not implement a series of planned tax increases for at least two weeks, until it completed a dialogue with different parts of society.
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