Egypt's bourse is likely to be under pressure after mass protests outside President Mohamed Mursi's palace in
Cairo on Tuesday prompted the leader to leave the building. Officers fired tear gas at up to 10,000 demonstrators angered by Mursi's drive to hold a referendum on a new constitution on Dec. 15.
Cairo's bourse rallied on Tuesday as regional institutional investors bought shares after the Supreme Judicial Council cleared the way for a vote on a new constitution. The market may give these gains back on persisting political turmoil.
Elsewhere, UAE's markets gained on Tuesday upon resuming trade after a long weekend, with Dubai's index rising 0.2 percent to finish at 1,611 points.
No comments:
Post a Comment