Egypt stocks start week 2.6 percent down

Withdrawals from Constituent Assembly drive Egypt Bourse down on Sunday morning Egypt's stock exchange slid on Sunday morning as the Egyptian political scene worsened with withdrawals from the Constituent Assembly charged with writing the country's new constitution. The main EGX30 index dropped 2.6 per cent to 5,515 points after 90 minutes of trading. The Coptic Church's representatives on the Constituent Assembly withdrew on Saturday. Several secular figures also announced their intention to follow suit. Orascom Construction Industries (OCI), the exchange's largest share, dropped 2.4 per cent. Similarly, the Commercial International Bank (CIB) dropped some 3.25 per cent. From Ahramonline