MIDEAST STOCKS-Most Gulf stocks resume retreat; Egypt extends gains - Reuters:
Most stock indexes in the Gulf closed
lower on Sunday, with Abu Dhabi leading the losses, as measures
by central banks to stem a coronavirus-induced financial rout
faded, though Egypt extended gains.
More than 305,000 people have been infected by coronavirus
across the world and more than 13,000 have died, according to a
Reuters tally.
In Abu Dhabi, the index declined 3.6%, dragged down
by a 4.4% slide in top lender First Abu Dhabi Bank and
a 4.9% fall in telecoms firm Etisalat.
Dubai's main share index ended 2.1% lower, with
Emirates NBD and developer Emaar Properties
tumbling 4.2% and 4.5% respectively.
On Friday, the United Arab Emirates health ministry
announced its first two deaths from the virus, official UAE news
agency WAM reported, adding that both fatalities were people who
had existing medical conditions.
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