MIDEAST STOCKS-Middle Eastern stocks slide on coronavirus jitters - Reuters:
Stock markets in the Middle East suffered
sharp losses on Monday, with Saudi shares falling the most, as
the rapid spread of coronavirus cases outside China darkened the
outlook for world growth.
Brent crude was down $2.37, or 4.1%, to $56.13 a
barrel by 1145 GMT.
Global shares also extended losses as worries about the
impact of the virus grew, with the number of infections jumping
in Iran, Italy and South Korea.
Saudi Arabia's benchmark index declined 3%, its
biggest fall since May 13 last year when two of its oil tankers
were attacked off the coast of the United Arab Emirates.
Al Rajhi Bank slid 3.7% and petrochemical maker
Saudi Basic Industries dived 4%. Oil giant Saudi
Aramco was down 1.9%, at 33.4 riyals.
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