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Egypt - Huge loss as stocks lose 29.3 billion due to constitutional crisis and riots in the streets

sharon sanders

Editor-in-Chief & President
machine translation

Stock market losses today are more than the 29 billion pounds



Egyptian Stock Exchange
Books - Salahuddin Abdullah: Sunday, 25 نوفمير 2012 16:03
Stock market has seen in the beginning of the trading week today a black day, and took on the trading screens in red in the first reaction of the market on the constitutional declaration of Dr. "Mohamed Morsi," President of the Republic and the unilateral decisions and its repercussions on the street.

The wounded individual investors Bhistiraa selling and turn the vast majority of traders to exit and sell at the cheapest prices amid a state of panic and panic in an attempt to preserve what is left of their money.
prompted strong sales to investors market values ​​of the shares to collapse and lost market value of shares listed 29.3 billion pounds and closed at level 343.8 billion pounds, the third largest loss since last year.
forced the Stock Exchange to close the meeting for 30 minutes in early trading to overcome ratios established legal 5% up and down, after falling index "EGX 100", wider, which tracks the performance of listed companies for more than 5%, after minutes of the opening session was also stopped dealing the 145 shares because of landslides cascading stock.


more....

http://www.alwafd.org/اقتصاد/312893-خسائر-البورصة-اليوم-تتجاوز-الـ29مليار-جنيه
 
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