The Egyptian stock Market crashes... hard!
The Egyptian stock market crashed really hard today. We are talking 20% losses across the board, the lowest level in more than 6 months. The crash was so severe that the people running the stock exchange shut it down for the day because of the selling panic that took over people, and they are contemplating shutting the market for a week. The stock I was talking about yesterday? It's now worth 33 EGP. 33. From 250 to 33 in 2 weeks. Our IT guy is looking downright suicidal, and this other guy we know from this other firm is now in the hospital's ICU because he had a heart attack yesterday after he lost 600,000 EGP in the market. No one dares to tell him that his losses are now close to a million. The dude could seriously die. This is bad!