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Tanks Gather Outside Of Cairo Stock Exchange, As Market Plunges In First Day Of Trading

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Joe Weisenthal
Business Insider
March 23, 2011

In its first trading since late January, the Egyptian market crashed.¬†about 10%. That’s apparently limit down, so trading is already over.

Update: After a halt, the market has reopened, and is now down 8.7%.

According to Ahram Online, there are some tanks and cops gathered outside the exchange. The report also notes that the heaviest selling pressure is coming from foreigners.

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This article was posted: Wednesday, March 23, 2011 at 5:18 am





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