MIDEAST STOCKS-Middle Eastern stocks retreat as coronavirus fears sharpen | Nasdaq:
Stock markets in the Middle East ended lower on Thursday, with Egypt shares falling the most, as a jump in coronavirus cases outside China triggered fears of a pandemic.
The rapid spread of the virus in Iran, Italy, South Korea and elsewhere left alarmed governments and people across the globe rushing on Thursday to implement emergency measures.
For the first time, new infections around the world in the past 24 hours surpassed those in mainland China, where the flu-like disease emerged two months ago but is on the decline after an aggressive containment campaign.
Egypt's blue-chip index .EGX30 slid 1.5%, pressured by a 1.7% fall in Commercial International Bank COMI.CA and a 9.1% plunge in GB Auto AUTO.CA.
No comments:
Post a Comment