UPDATE 2-MIDEAST STOCKS-Stronger oil boosts Saudi petrochemicals | Reuters:
"Petrochemicals lifted Saudi Arabia's bourse in early trade on Tuesday as oil prices strengthened, while property developers extended gains in Egypt.
Brent crude traded around $55.50 per barrel, posting gains for a third session in a row.
The main Saudi index rose 1.0 percent as Saudi Basic Industries (SABIC) climbed 1.9 percent and its affiliate Saudi Kayan Petrochemical Co surged 4.4 percent."
'via Blog this'
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