Econintersect: Political unrest is taking its toll on some North African and Middle Eastern stock markets. Markets were open today in the Muslim world and Eqypt, Tunisia and Saudi markets recorded big losses, which extend back 5 – 10 days.Most other markets in the region had only fractional changes and some were actually up.
The numbers for the three hard hit markets are grim:
- Egypt: -10.5% Saturday and down 22% over the last ten days
- Saudi Arabia: -6.4% Saturday and down 8% over the past eight days
- Tunisia: +0.4% Saturday but down 12.5% over the past five days