MIDEAST STOCKS-Saudi bourse up after three straight declines; other markets down | Reuters:
Saudi Arabia’s stock market rose on Monday, recovering from three consecutive declines, while other markets were weak amid concerns over the impact that trade disputes involving the United States could affect the global economy and equities.
The Saudi index added 0.4 percent, recovering from three straight days of declines that sent the largest Arab bourse down 1.5 percent; however trading volumes remained low, due to global concerns and as many investors are still away from the market.
“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.
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