MIDEAST STOCKS-OCI pulls Egypt down after violence; most Gulf mkts soft | Reuters:
"Egypt's bourse fell on Sunday but the main reason was a tumble in the shares of heavyweight Orascom Construction Industries, not the deaths of dozens of supporters of ousted president Mohamed Mursi.
Cairo's index opened higher but then retreated to close 0.7 percent lower in thin turnover. Last week it hit a two-month high after rallying 20 percent since late June because of hopes for better economic management under Mursi's successor.
Security forces shot dead dozens of people at the weekend, and there was potential for more bloodshed as thousands more Mursi supporters continued to protest on the streets. But analysts and traders said many investors were willing to accept such violence as long as they thought it would not derail Egypt's transition to civilian rule in coming months."
'via Blog this'
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