MIDEAST STOCKS-Gulf finds support from robust oil price, Egypt declines:
"Most stock markets in the Gulf rose modestly on Sunday, lifted by a rally in oil prices at the end of last week, while three small to mid-sized Saudi Arabian insurers fell sharply after they were slapped with a temporary ban by the central bank.
Riyadh's index added 0.4 percent as all but two of the 14 listed petrochemical producers advanced after Brent oil surged 3.3 percent on Friday. Rabigh Refining and Petrochemical rose 1.6 percent.
Saudi Indian Company for Cooperative Insurance dropped 3.8 percent, Malath Cooperative Insurance fell 4.5 percent and Arabian Shield Cooperative Insurance slumped 7.6 percent."
'via Blog this'
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