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Egypt's stock plunges over 9.5% since Morsi's decrees

11-26-2012 00:35 BJT

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Egypt’s stock market has plunged by more than 9.5 percent in the first trading session since President Mohamed Morsi issued decrees to assume sweeping new powers.

The dive also came as seizure of new powers set off street violence and a political crisis. The turmoil spread from the country’s bitter politics to its already ailing economy.

The index fall was one of the biggest since the turbulent days immediately after the ouster of the former leader Hosni Mubarak last year.


Editor:Zheng Limin |Source:

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