Egypt Islamists call mass show of support for Morsi
CAIRO (AFP) - Egypt's powerful Muslim Brotherhood called nationwide demonstrations on Sunday in support of Islamist President Mohamed Morsi in his showdown with the judges over the path to a new constitution.
The show of strength on the streets by the president's supporters had the potential for triggering clashes with opponents of the sweeping new powers he assumed on Thursday who remained camped out in Cairo's Tahrir Square.
Share prices on the Egypt Exchange plunged almost 9.5 per cent by midday in the face of the deepening political crisis.
The main EGX-30 index shed 9.49 per cent to reach 4,923.19 points, according to the Egyptian Exchange, with trading suspended for half an hour due to intense investor selling.