Monday, 8 July 2013

Egypt Stocks Drop on Premier Disagreement, Protests; Saudi Gains - Bloomberg

"Egypt’s stock index dropped the most in two weeks as political groups in the North African country disagreed over who should be interim prime minister and before another round of protests.
The EGX 30 Index fell 0.4 percent, the most since June 23, to 5,311.51 at the close in Cairo. Shares valued at about 525 million pounds ($75 million) traded compared with a six-month daily average of 304 million pounds. The measure surged 14 percent last week, the most since the week ended June 28, 2012, when the now deposed Mohamed Mursi was declared president. Commercial International Bank Egypt SAE, the nation’s biggest publicly traded lender, lost 1.1 percent."

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