The other 5 markets operating Sunday in the region, which were closed the previous two days for the Muslim weekend, were also hit badly as oil prices sagged below $50 a barrel.
The Dubai Financial Market dipped 4.5%, while its sister market in Abu Dhabi was down 3.6% at the close of trading, both one-year lows. "GCC equities witnessed a downfall as panic over coronavirus spread across the region," MR Raghu, head of research at Kuwait Financial Centre , told Agence France-Presse .
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