The cost of insuring Egyptian and other Middle Eastern debt against default rose on Thursday after supporters of president Hosni Mubarak killed at least five anti-government protestors in Cairo.
Egypt's five-year credit default swaps rose twelve basis points from Wednesday's close to 400 bps, according to Markit, but remain below nearly-two-year highs of 450 bps hit earlier this week.
Lebanon's five-year CDS rose 24 bps, also to 400 bps, and Bahrain's five-year CDS rose 14 bps to 238 bps. Bahrain's CDS hit their highest level since Sept 2009.
Egyptian London-listed global depositary receipts (GDRs) also fell.
Orascom Construction dropped 2.21 percent and Commercial International Bank fell 4.13 percent.