Cairo stock market hits three month high amid protests

Egyptian opposition protesters fill a street during a demonstration at the Egyptian Presidential Palace as part of the 'Tamarod' campaign on June 30, 2013 in Cairo, Egypt.

The stock market in Cairo hit a three-month high today amid growing protests. Egypt's president now faces an ultimatum from the military: resolve the crisis in the next 48 hours or we’ll step in. Some investors take the view that a military intervention might restore order to the streets and stabilize the economy. But supporters of Egypt's elected government disagree.

The BBC's Claire Read joins Marketplace Morning Report host David Brancaccio from Cairo with the details.

About the author

Claire Read is a reporter with the BBC.

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