Mideast Stocks: Gulf bourses dive as coronavirus worries deepen – ZAWYA
- Date: 01-Mar-2020
- Source: Zawya
- Sector:Financial Markets
- Country:Gulf
Mideast Stocks: Gulf bourses dive as coronavirus worries deepen – ZAWYA
Kuwait's bourse, which traded after a three session break, plunged 11%, its biggest ever intraday fall, led by a 14.5% drop in National Bank of Kuwait and a 10% slide in Kuwait Finance House .. The Abu Dhabi index slid 3.6%, its biggest intraday fall since January 2016.. First Abu Dhabi Bank declined 4.3%, while Abu Dhabi Commercial Bank dived 8%.. The country has reported 21 people infected with the coronavirus, five of whom have recovered..