LISTEN TO ARTICLE 2:35 SHARE THIS ARTICLE Share Tweet Post EmailPhotographer: Christopher Pike/Bloomberg Photographer: Christopher Pike/BloombergMost Middle East stock markets retreated Sunday as oil’s worst week since October ruffled sentiment among traders. The benchmark in Kuwait finished little changed, while Saudi Arabia’s main index edged higher. Brent crude lost 6.8% last week, amid inflation concerns and worries over the trajectory of near-term demand. Adding to the pressure, an index tracking emerging-market stocks posted the first weekly drop in March as U.S. Treasuries breached key levels after the Fed signaled tolerance for higher yields. The stock contributed the most by points to the positive performance of the main Saudi index.

Source: The North Africa Journal March 21, 2021 08:48 UTC