MIDEAST STOCKS-Gulf stocks rise with oil, Egypt weakens on rate fears | Reuters:
"Stock markets in the Gulf rose on Tuesday after oil prices firmed above $36 a barrel, while Egyptian stocks slid in feeble volume as investors worried about a possible interest rate hike.
The Saudi index advanced 1.5 percent to 6,181 points, breaking technical resistance at the early February and end-January peaks of 6,056-6,099 points. Chartists said this pointed to a rise towards 6,850.
Petrochemical stocks helped lift the bourse as Saudi Basic Industries added 1.7 percent and Saudi Kayan rose 2.0 percent in high volumes."
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