Egypt Share Index Slips Lower Before Army Deadline

Egyptian shares closed lower on Wednesday as investors fretted over the possibility of further violence in the country, hours before an army deadline to Islamist President Mohamed Morsi to yield to mass protests and share power.

At least 16 people were killed on Wednesday and 200 wounded when gunmen opened fire on supporters of Morsi who were rallying outside Cairo University, state television reported.

Egypt’s army commander and Morsi each pledged to die for his cause as the deadline …

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