Business

Egypt’s stocks fall for 2nd day

Egypt's benchmark stock index fell for a second consecutive day Monday, as the country's military rulers showed growing impatience with protests that have gripped the country since the ouster of former President Hosni Mubarak.

The 1.75 percent decline in the Egyptian Exchange's EGX30 index reflected mounting unease by investors over the political situation in the country. Protesters stormed the Israeli embassy in Cairo over the weekend, trashing the diplomatic mission before the military stepped in and dispersed the demonstration. The unrest pushed the index down around 1.2 percent on Sunday.

The incident cast a pall on already tense relations between Israel and Egypt, but also had the country's new military rulers vowing to use the tough, much-hated emergency laws imposed during Mubarak's regime. The military had promised to lift those measures.

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