Monthly markets review: Stocks in Kuwait and Saudi Arabia outperform in a dull market phase | ZAWYA MENA Edition:
Investors in the Middle East were mostly cautious during the month of March, reflecting the calmness in global markets following a rally at the beginning of the year.
Trade talks between the United States and China were the main focus for investors, as positive or negative news on the progress in talks remains as the main factor moving global markets.
The MSCI World index rose 1.05 percent in March, data from Eikon showed, while Brent oil prices gained 3.57 percent. The oil price strength reflected in improvements in Saudi Arabia and Kuwait’s stock markets, leading to overall growth in MSCI’s GCC index of 2.73 percent.
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