Oil’s late week surge provided much buying excitement asd Mid-East equity markets opened with flashing green numbers across every screen. However, by the close, it was a sea of red with Kuwait, Egypt, Amman, and Iraq all lower and Saudi’s Tadawul All Share Index tumbling almost 4% from the opening highs as war worries dragged The Kingdom’s stock market back near 5-year lows.
Not “off the lows”…