MIDEAST STOCKS- #Kuwait, other bourses sink as coronavirus worries intensify - Reuters

MIDEAST STOCKS-Kuwait, other bourses sink as coronavirus worries intensify - Reuters:

Middle Eastern stocks plunged on Sunday,
with Kuwait falling the most, as the spread of coronavirus
stoked fears that outbreak could hurt the global economy and oil
prices.

Leaders in Europe, the Middle East and the Americas rolled
out bans on big gatherings and stricter travel restrictions as
cases of the virus spread around the world.

In Kuwait, the index, which traded after a three
session break, slumped 11%, its biggest ever intraday fall,
dragged down by a 14.5% fall in National Bank of Kuwait
.

Kuwait, which reported 46 people infected with the
coronavirus, called on its citizens to avoid travelling over
concerns about the spread of the disease.

Egypt tumbled 6%, its biggest intraday fall since
November 2012. Commercial International Bank slid 6%,
whereas Eastern Company was down 5.9%.