The beginning of today's trading witnessed sharp declines in Gulf stocks, as the Dubai Financial Market Index fell 7.86% to 2037.86 points, with all shares traded in the market declining after one hour from The beginning of the session.

Quoting from Arabic, this comes after the markets of Japan, China and Australia fell during Thursday's trading, after US and European shares witnessed a sharp decline yesterday, and increased concerns about the virus also contributed to Corona, announced by the World Health Organization (WHO) yesterday, escalates investor concerns about equity markets.

The Abu Dhabi Securities Exchange index declined by 6.47% to 3961.67 points, with all traded shares also declining, and the Saudi main market index lost 5.11% in the first minutes of Trading reached 6217.95 points, the Qatar market index fell by 5.55%, and Bahrain by 0.27%.