25Nov

Egypt Stock Market Plunges 9.6% as Mohamed Mursi Becomes 'New Pharaoh'

 

Egypt Stock Market Plunges as Mohamed Mursi Becomes New Pharaoh 

The Egyptian stock market (EGX30 index) plunged 9.6% today on renewed unrest in the Arab world's largest country by population. On Thursday, Egyptian President Mohamed Mursi granted himself unlimited power. Since Thursday there has been increasing protests over concerns that Mohamed Mursi is grabbing more power than former dictator, Hosni Mubarak. For readers of this website will be no surprise (you can see our articles exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

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