MIDEAST STOCKS-Saudi, Egypt rise as Brent settles above $30 | Reuters:
"Bourses in Saudi Arabia and Egypt rose in early trade on Wednesday as investors, encouraged by signs that Brent crude may settle above $30 a barrel, moved back into a market that has been hit hard by weak oil prices this year.
Many traders and fund managers believe that if Brent trades above $30 - a level investors are keeping a close eye on - then the region's stock markets may get a temporary boost. Brent traded at $31.80 at 0902 GMT.
Saudi's benchmark index traded up 1.9 percent, after closing 0.5 higher on Tuesday.
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