MIDEAST STOCKS-Gulf markets fall on oil slide, recession fears | Nasdaq:
Gulf stock markets fell on Wednesday as oil prices slipped and prospects of a deep global recession due to the fast-spreading coronavirus outbreak rattled investors.
Brent crude LCOc1 declined $1.02, or 3.9%, to $25.33 a barrel by 0643 GMT.
The Dubai stock index .DFMGI lost 1.9%, dragged by a 3.6% fall in Dubai Islamic Bank DISB.DU and a 4.1% slide in Emaar Properties EMAR.DU.
The Abu Dhabi index .ADI lost 0.6%. Top lender First Abu Dhabi Bank FAB.AD dropped 1%, while Abu Dhabi Commercial Bank ADCB.AD sank 5%.
The United Arab Emirates revoked a system allowing individuals to obtain permits to move around during nightly curfews imposed temporarily for a disinfection drive, the Interior Ministry said on Tuesday.
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