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Egypt shares plunge on new unrest

Egypt shares plunge on new unrest

Egypt's benchmark stock index has plunged by almost 2.5 percent over concerns of mounting unrest in the Arab world's most populous nation.
The drop in the EGX30 on Monday follows the previous day's nearly 1.7 percent decline.
The Egyptian Exchange's benchmark index was down to 5,139 points by 12:45 p.m. local time.
Investors have been dumping shares, fearing the last several days of nationwide protests and sit-ins could turn violent.
Several hundred demonstrators have been camped out in Cairo's central Tahrir Square since Friday, demanding accountability of former officials and justice for those killed in the popular uprising that toppled former President Hosni Mubarak in February.


Updated : 2021-01-15 23:51 GMT+08:00