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Dubai Shares Drop on Restrictions, Kuwait Banks Rise: Inside EM
Filipe Pacheco, Bloomberg News Investors visit the Dubai Financial Market PJSC (DFM) in Dubai, United Arab Emirates, on Tuesday, March 10, 2020. The Middle Easts travel and business hub called on citizens and residents to avoid travel due to the coronavirus risk. Photographer: Christopher Pike/Bloomberg , Bloomberg
(Bloomberg) Dubaiâs main equities index led losses in the Middle East after a fresh set of restrictions to contain the spread of coronavirus as cases keep rising. Banks in Kuwait advanced on potential dividend resumption.
The DFM General Index fell as much as 1.6% on Sunday, adding to a 2% drop on Thursday. The benchmark in Abu Dhabi, Saudi Arabia and Qatar also traded lower, while the main gauge in Kuwait rose the most.