Mideast Stocks: Kuwait leads Gulf lower, Egypt hit by coronavirus spike – ZAWYA

Mideast Stocks: Kuwait leads Gulf lower, Egypt hit by coronavirus spike – ZAWYA

Mideast Stocks: Kuwait leads Gulf lower, Egypt hit by coronavirus spike. Most Gulf stocks closed lower on Sunday, with Kuwait hardest after its banking federation said banks would not pay dividends, while Egyptian shares sold off on a spike in coronavirus cases.. The Kuwaiti index tumbled 3.2%, its biggest intraday fall since April, with National Bank of Kuwait down 4% and Kuwait Finance House ending 3.8% lower.. Beyond the Gulf, Egypt's blue-chip index ended 0.9% down, pressured by a 2.6% fall in Egypt Kuwait Holding and a 4.4% drop in El Sewedy Electric ..