SET down on violence in Egypt

 

The SET index moved in the red zone, like other bourses across the globe. At 3.22pm, the index lost 20.59 points or 1.41 per cent, to 1,443.39 points.

At the close, the index was down 20.41 points or 1.39 per cent to 1,443.57 points, on turnover of Bt51 billion. After buying into Thai shares in the previous two days, foreign investors returned net-sellers today with net-sell of Bt3.38 billion. Year to date, foreign net-sells topped Bt79 billion. 

Global jitters emerged as violence in Egypt may intensify. With a military deadline for a resolution to Egypt's political crisis looming, the country braced for a showdown. Embattled President Mohammed Morsi insisted he will not step down in the face of demands by millions of protesters, vowing to protect his ``constitutional legitimacy'' with his life.    

On the streets, the sense that both sides are ready to fight to the end sharpened, with overnight clashes between supporters of the Islamist president and opponents that left at least 23 dead, most of them in a single incident of fighting outside Cairo University.