Mideast Stocks: Dubai leads Gulf lower as coronavirus concerns intensify | ZAWYA MENA Edition:
Most Gulf stocks extended loses on Wednesday as the coronavirus continued to spread through the Middle East, with Kuwait and Bahrain reporting a rise in new cases.
Three Gulf Arab states recorded their first coronavirus cases this week, all in people who had travelled from Iran, which on Wednesday reported a total of 19 virus-related deaths, the most outside China, and 139 cases.
Bahrain, which has suspended flights to Dubai, on Wednesday reported a rise in the number of cases to 26, some in people who had travelled through the UAE. Oman has recorded four cases.
Kuwait, which last week evacuated 700 people from Iran, has reported 25 cases.
Dubai's main share index dropped 2% to its lowest level since June last year. Emaar Properties lost 2.7%, while sharia-compliant lender Dubai Islamic Bank was down 2.1%.
The UAE has reported 13 cases of the coronavirus since Jan. 28.
No comments:
Post a Comment