The overthrow of the ruling of the President and riots in Tunis last week, triggering widespread political and market turmoil in North Africa began to shake and destabilize the market in the Middle East, together with other countries in the region. Thousands of protesters in Cairo demanded in recent days, ending a 30-year rule of President Mubarak. Near recently held protests in Algeria and Morocco. The main stock index has lost 30 EGX Egypt yesterday, 11%, down by 16% over the past two days, while the Egyptian bond yield rose by 90 points this week. In neighboring Turkey, the main national ISE index fell 2.3% today, and the two year yield rose 16 points, reaching 8.7% as a maximum of four months. Investors are "pumped" to the region a lot of money in recent years. Political instability in the near term could provoke further unrest, which in varying degrees could help the Swiss franc and the dollar.
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