MIDEAST STOCKS-Gulf climbs on oil hopes, Egypt slowed by monetary fears | Reuters:
"Most Gulf stock markets rose on Thursday, buoyed by firm oil prices, while Egypt edged up but was again restrained by worries about a possible interest rate rise, a currency devaluation or both.
A decision by Saudi Arabia to raise oil prices to its main customers in Asia contributed to a sense that crude may finally have bottomed out. Also, purchasing managers' indexes released on Thursday showed non-oil business activity in Saudi Arabia and the United Arab Emirates accelerating slightly in February from January's multi-year lows.
The Saudi stock index rose 0.8 percent as petrochemical blue chip Saudi Basic Industries gained 1.0 percent."
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