Mideast Stocks: Kuwait, other bourses sink as coronavirus worries intensify – ZAWYA

Mideast Stocks: Kuwait, other bourses sink as coronavirus worries intensify – ZAWYA

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 .. Egypt tumbled 6%, its biggest intraday fall since November 2012.. Saudi Arabia's benchmark index retreated 3.7%, its biggest intraday fall since January 2016, bringing this year's losses to 12.5%.. The Abu Dhabi index lost 3.6%, its biggest intraday fall since January 2016.. The central bank of the United Arab Emirates on Saturday advised banks to reschedule loans and reduce fees and commissions as part of measures to mitigate the economic effects of the coronavirus outbreak..