CAIRO: An Egyptian man committed suicide on Monday after losing his savings which he had invested in the plummeting stock market, a security official said.
The 56-year-old man was found hanging by a rope in his Cairo home by his children, the official said.
He had saved money working in Kuwait before returning to Egypt and investing in Egyptian stocks, whose key values have more than halved in recent months amid the global financial crisis.
His children reported he had threatened to kill himself because of his financial troubles, the official said.
The World Health Organization warned last week that the global economic crisis is likely to cause an upsurge in suicides and mental illness as people struggle to cope with losing their homes or livelihoods.
The warning came after a 45-year-old business school graduate in Los Angeles shot dead five members of his family before killing himself, blaming the economic situation in a suicide letter addressed to the police. -AFP
