MIDEAST STOCKS-Gulf tracks global declines on economic fears over China virus - Agricultural Commodities - Reuters:
Most Middle Eastern bourses were pressured
on Sunday, mirroring Friday's slide in global shares and oil
prices due to growing concern about the economic impact of a new
coronavirus outbreak, while Saudi Arabia was hit by slew of poor
corporate earnings.
China ramped up measures to contain the epidemic and shore
up an economy hit by travel curbs and business shut-downs on
Sunday as the first death from the illness was reported outside
the country.
Some 304 people have died in China, the country's National
Health Commission said on Sunday, with the number of infections
jumping to 14,380 as of Saturday.
Saudi Arabia's index declined 1.3%, dragged lower by
banking share losses. Al Rajhi Bank fell 1.1%, while
Alinma Bank retreated 3.7% following an 11.3% decline
in its annual net profit.
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