"Trading in Egypt’s benchmark stock index, the world’s worst performer in June, tumbled to the lowest level by value in five years, on concern anti-government protests will bring the nation to a “tipping point.”
Shares of about 70 million Egyptian pounds ($10 million) were traded yesterday, the lowest since Bloomberg started tracking the data in August 2008. About 85 million pounds changed hands so far today, compared with a 12-month average of about 400 million pounds.
Egypt’s stocks have slumped 15 percent in June, the most among 94 gauges tracked by Bloomberg, amid growing polarization between supporters and opponents of the North African country’s Islamist government. Both sides are calling for nationwide demonstrations on June 30, the one-year anniversary of President Mohamed Mursi taking office."
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