MIDEAST STOCKS-Region mostly weak but Saudi ends three-day losing streak | Reuters

MIDEAST STOCKS-Region mostly weak but Saudi ends three-day losing streak | Reuters:

Middle East stock markets mostly fell on Monday on concerns that trade disputes involving the United States could hurt the global economy, although Saudi Arabia rebounded slightly from a three-day losing streak.

The trade jitters prompted a 0.9 percent slide in MSCI’s emerging market index, which deterred buying of stocks in the Middle East.

“The global economic situation is worrying for the markets - wealth managers have been reducing exposure to equities over the past month. That’s why negative sentiment is spreading across the region,” said Mazen al-Sudairi, head of research at Al Rajhi Capital in Riyadh.