Middle Eastern Stocks Plunge as Oil Gets Hammered by Coronavirus
- Kuwait suspends trading of biggest companies after 11% slump
- Indexes from Dubai to Cairo and Riyadh also fall heavily
Kuwait halted trading of the biggest listed companies as its markets reopened following a three-day holiday last week. The suspension happened after the nation’s Premier Market index retreated almost 11%. Dubai’s gauge fell as much as 5.2% to the lowest level since 2018, while those in Saudi Arabia, Abu Dhabi and Egypt extended losses from last week.