Gulf stocks battered by coronavirus and oil slump

article author: 

AFP

Author: 

Wed, 2020-04-01 03:00

DUBAI: Stock markets in energy-rich Gulf states slumped to multi-year lows in the first quarter of this year over coronavirus shutdowns and crashing oil prices.

The five major bourses in the region, which pumps a fifth of the world’s crude supplies, plummeted in the first three months of the year, with Dubai’s market losing more than a third of its value.

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Business & Economy

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Gulf Stock Markets

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