Security Vacuum Haunts Egypt Bourse, Central Bank Activities Today

Egypt’s stock market and the Central Bank have started their activities on Sunday haunted by a state of security vacuum as the planned anti-regime mass demonstrations are set for showdown today.

Investors and traders are in full alert and feared of witnessing another wave of violence triggered by a potential confrontation between Morsi supporters – who defend the legitimacy; and opponents – who seek to topple the first elected president after the January uprising in 2011.

The traders on the Egyptian Exchange (EGX) were expecting to see the Egyptian army and police to show up to defend the country’s vital institutions including the bourse’s headquarters and the Egyptian Central Bank (CBE) located in Downtown, near from the mass rallies which are set to start on Sunday afternoon in Tahrir Square.