MIDEAST STOCKS-Saudi leads Gulf lower as China virus fears mount - Reuters:
Middle East stocks slipped, with Saudi
Arabia hardest hit on Monday, mirroring drops in oil prices and
global shares on concerns about the impact of the coronavirus
outbreak in China.
Saudi Arabia's energy minister said it is closely monitoring
developments in global oil markets resulting from "gloomy
expectations" regarding the possible impact on the Chinese and
global economy, as well as on the oil market.
The death toll in China has risen to 81 and the virus spread
to more than 10 countries, including France, Japan and the
United States.
The total number of confirmed cases in China rose about 30%
from the previous day, to 2,744. But some experts suspect the
number of infected people is much higher.
Saudi Arabia's benchmark index tumbled 1.8%,
extending losses for a fifth-day. National Commercial Bank
slid 3.1%, while Al Rajhi Bank fell 1.2%.
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