Dubai Shares Drop on Restrictions, Kuwait Banks Rise: Inside EM
- Dubai’s government announced new rules for gatherings
- Kuwait’s central bank allows lenders to distribute dividend
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Dubai’s main equities index led losses in the Gulf after the city imposed fresh restrictions to contain the spread of the coronavirus. Banks in Kuwait advanced on potential resumption of dividend.
The DFM General Index fell as much as 1.6% on Sunday before trimming the losses to 0.7% at close. The benchmarks in Saudi Arabia, Oman and Qatar also finished lower, while the main gauge in Kuwait rose the most in the region.