The Egyptian Stock Exchange celebrates the fall of Mohamed Morsi. The main index Exx 30 opened the session with a jump of 6,4% in the aftermath of the military coup that deposed Morsi. The Army appointed Judge Adly Mansour as interim president.
The Egyptian press, both government and independent, has defined the intervention of the armed forces as "legitimate". "A victory for popular legitimacy", headlines the government newspaper al-Gomhuria, while al-Arham defines Morsi as "the president expelled from popular legitimacy"; the independent press, largely in favor of the opposition, underlines "the victory of the army and the people" (al-Shuruk), with the headline "Egypt is back" (al-Masry al-Yum).
Horreya al-Adala, the newspaper of the Freedom and Justice party - the political arm of the Muslim Brotherhood - ignores Morsi's deposition and dedicates the front page to Islamic demonstrations "in support of the legitimacy" of the President, underlining the proposals made yesterday for a government of consent.
