Business

Egypt’s stock market tumbles on new Tahrir clashes

The Egyptian stock exchange's benchmark index has tumbled over two percent amid fresh clashes between security forces and protesters in central Cairo.

The benchmark EGX30 index closed at 5,283 points, shedding 2.03 percent from its previous day's settlement, as overnight fighting between security forces and hundreds of protesters in the capital's iconic Tahrir Square stretched into Wednesday.

The protesters were demanding the acceleration of the prosecution of police officers accused of brutality in during the uprising in five months earlier that ended with former President Hosni Mubarak's ouster.

The violence underscored the continued tension in the country as it struggles to rebuild its economy and push forward on democratic reforms.

Related Articles

Back to top button