Egyptian Stocks Continue Tumble

    Stock market brokers gestures during trading at the Egyptian Stock Market on November 25, 2012 in Cairo. Share prices on the Egypt Exchange declined almost 9.5 percent by midday today, after President Mohamed Morsi assumed sweeping powers that sparked clashes and polarised the country's politics. The main EGX-30 index shed 9.49 percent to reach 4,923.19 points, according to the Egyptian Exchange.    AFP PHOTO / MAHMOUD KHALED        (Photo credit should read MAHMOUD kHALED/AFP/Getty Images)

    Mahmoud Khaled, AFP / Getty Images

    The people have spoken, and now the market has. Egyptian stocks continued to tumble Monday morning after President Mohamed Morsi’s recent attempt to give himself what opponents called near-dictatorial powers. The country’s main index was down 3.9 percent just after opening. Morsi said that he will meet with top Egyptian judges Monday to try to bring a resolution to the political crisis, which began when he tried to remove judicial checks on his office. Clashes between protesters and police have left more than 500 people injured in recent days.

    Read it at Reuters