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Egypt ETF (EGPT) In Focus: The Economic Consequences Of Revolution

By: ETFdb
Two years after removing Hosni Mubarak the Egyptian people have once again called for the removal of their President, Mohammed Morsi. Citing his and the Muslim Brotherhood’s promoting religious law in the constitution, the military deposed Morsi in early July, replacing him with the Chief Justice of the Supreme Constitutional Court. While this change of power plays out, the Egyptian economy has taken a massive hit and the Central Bank is scrambling to maintain a functioning currency. Below we take a look at the revolution timeline to see what events triggered economic changes as well [check out 25 Wild ETF Charts From 1H 2013]. The End of the Arab Spring January to February, 2011 - Egyptians stage nationwide demonstrations against President Hosni Mubarak. The price of the Egypt Index ETF drop like a stone for the first time since it’s inception. February 11 - Mubarak steps down and turns power over [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: EPGT Rallies On Turmoil In Egypt, XLI Slumps Sector ETFs: Biggest Winners & Losers YTD Emerging Market ETFs: Biggest Winners & Losers YTD Checking In On Best And Worst Performers From 2011 10 Best-Performing ETFs In 2012
Two years after removing Hosni Mubarak the Egyptian people have once again called for the removal of their President, Mohammed Morsi. Citing his and the Muslim Brotherhood’s promoting religious law in the constitution, the military deposed Morsi in early July, replacing him with the Chief Justice of the Supreme Constitutional Court. While this change of power plays out, the Egyptian economy has taken a massive hit and the Central Bank is scrambling to maintain a functioning currency. Below we take a look at the revolution timeline to see what events triggered economic changes as well [check out 25 Wild ETF Charts From 1H 2013]. The End of the Arab Spring January to February, 2011 - Egyptians stage nationwide demonstrations against President Hosni Mubarak. The price of the Egypt Index ETF drop like a stone for the first time since it’s inception. February 11 - Mubarak steps down and turns power over [...]

Click here to read the original article on ETFdb.com.

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