UAE Stock Markets Plummet Amid Coronavirus Outbreak

UAE Stock Markets Plummet Amid Coronavirus Outbreak

All the shares on the UAE bourses were in the red in the early hours of trading.. Among other regional bourses, Saudi Arabia's Tadawul plunged 6.1 per cent, Boursa Kuwait fell over 7 per cent, Qatar Stock Exchange lost 3.8 per cent, Oman's Muscat Securities Market dropped 0.46 per cent and Bahrain Bourse was down 0.10 per cent within an hour of opening the trade.. Oil prices plunged 10 per cent on Friday after Opec and other oil producers meeting collapsed in Vienna.. WTI crude fell 10 per_cent or $4.62 a barrel to $41.28 while Brent lost 9.44 per_cent or $4.72 to $45.27 on Friday..