Egyptian stocks rise after most Egyptians voted to approve a controversial constitution; the main equities index
is back at levels where it was trading before a political crisis erupted over the constitution late last month.
Supporters and opponents of President Mohamed Mursi said their unofficial counts showed the constitution had been approved after two rounds of voting that ended with a final ballot on Saturday.
This does not end political tensions in Egypt; many in the opposition feel Mursi's action in pushing through the
constitution violated the country's new democracy, and that the document favours Islamists while ignoring the rights of Christians and women. So the vote could be a recipe for further unrest in the long term.
No comments:
Post a Comment