CAIRO, Egypt — An uncertain new political order began to take shape in Egypt on Thursday, a day after the military deposed and reportedly detained the country’s first democratically elected president, put a top judge in his place and suspended the constitution.
The state-run Al-Ahram News reported that Egypt’s stock market surged 7% in the first hours of trading Thursday to a near two-month high.
Wednesday’s coup that toppled Mohamed Morsy prompted hundreds of thousands of people in the streets across Egypt to both applaud and assail the generals’ decision to step into the country’s political fray for the second time in slightly more than two years.
It also raised questions: What will happen to Morsy and his supporters, who insist he remains the country’s legitimate leader? Will violence blamed for the deaths Wednesday of at least 32 people spread? What hopes remain for Egypt’s attempts to build a multiparty democracy?
Click here to read the full story on CNN.com.