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Egypt protests force bourse closure: Middle East markets hit

The Egyptian bourse will remain closed today, as the country prepares for a sixth day of protests. State TV has reported that banks will also be shut, as the country looks to curb financial losses due to the unrest. The uprising has had a huge impact on the financial sector in the country, with the benchmark stock index falling 16% in the last two days. The unrest has had a wide impact on Middle East markets, with the Qatari QE index falling by 3%, the biggest drop since May last year. Abu Dhabi's ADX general index slid 3.7%, while Kuwait's SE price index decreased 1.8%. Oman's MSM30 and Bahrain's BB all share index also fell 3% and 1.4% respectively.