Egypt's CASE30 Index soars 7.4% following the army's removal of President Mohamed Morsi last...

|By:, SA News Editor

Egypt's CASE30 Index soars 7.4% following the army's removal of President Mohamed Morsi last night and the suspension of Egypt's constitution in what may or may not have been a coup d'etat, depending on how delicate you need to be with the use of language. The large rise forced a halt in trading, as it exceeded the Egyptian Exchange's 5% limit on daily movement in the index. Meanwhile, crude oil is -0.3% at $100.90.