Egypt's main index EGX30 posts its biggest decline since May 25, driven down by foreign investors concerned the political chaos that unseated Tunisia's leader could spread to other Arab countries, traders say.
"Foreigners are net sellers in the market," says Mohamed Radwan of Pharos Securities. "Escalating events in the region are just making some foreign investors bearish about the region from a macro perspective especially the political risk."
The 30-firm index declines 3.1 percent, with all but one stock, EFG Hermes losing.
