In Riyadh, Saudi Aramco fell to its lowest level since an initial public offering in December, with the oil giant’s shares nearing the level of 32 riyals at which they were sold.
DUBAI: Equity markets across the Middle East slumped after the worst week for oil prices since 2008 and as more cases of the Covid-19 coronavirus were announced in the region.
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 5.1% to the lowest level since 2018, while those in Saudi Arabia, Abu Dhabi and Egypt extended losses from last week.
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