MIDEAST STOCKS-Most Mideast stocks slip as virus fears continue - Agricultural Commodities - Reuters

MIDEAST STOCKS-Most Mideast stocks slip as virus fears continue - Agricultural Commodities - Reuters:

Most Middle Eastern stocks fell on
Tuesday, extending the previous session's sharp selloff
triggered by a spike in the number of coronavirus cases outside
China.

The death toll from the virus in Iran rose to 16, the
highest outside China, while other hard-hit nations including
South Korea and Italy accelerated emergency measures to curb the
spread of the epidemic.

Dubai's share index closed down 0.9% with Emaar
Properties losing 3.2% and Air Arabia
falling 3.4%.

The United Arab Emirates on Tuesday suspended all flights to
and from Iran for at least a week due to the spread of the virus
in the country. Air Arabia, whose main base is at
Sharjah International Airport, is the UAE's only listed airline.

Qatar’s index dropped 0.7% with Qatar Islamic Bank
down 2.5% and Industries Qatar off 1.7%.