Originally Published Here
By TAREK EL-TABLAWY
CAIRO
Egypt’s benchmark stock index fell for the second consecutive day on Thursday, sliding over 4 percent but paring steeper losses earlier in the session as investors looked to unload holdings after the market’s nearly two month closure.
The Egyptian Exchange’s benchmark EGX30 index plunged 8.9 percent on Wednesday, its first day of trading since it was shuttered on Jan. 27 amid mounting mass protests that eventually ousted former President Hosni Mubarak. Prior to its January closure, the market lost over 16 percent in two consecutive trading days, reflecting investor fears about the descent into apparent chaos of a country once viewed as the most stable in the Arab world. Continue reading Egypt stock market resumes decline after reopening