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Fawad Razaqzada

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Coronavirus Ravages the GCC Stock Market, Investors Losing Millions of Dollars
February 25th, 2020 - 06:46 GMT

Coronavirus Ravages the GCC Stock Market, Investors Losing Millions of Dollars

Investors were in panic mode on Monday due to growing coronavirus concern, sending equity markets to multi-year lows across the globe and wiping out trillions of dirhams in market capital. In the UAE, Dubai Financial Market fell 0.8 per cent while Abu Dhabi lost 2.2 per cent. Investors in Dubai and Abu Dhabi lost $626 million and $3.16 billion. While Saudi Arabia's Tadawul index lost 2.89 per cent or $68 ...
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