STOCKS NEWS MIDEAST-Saudi shares up modestly on fiscal cliff deal - Yahoo! News Maktoob
Saudi stocks climb in early trade after the U.S. Senate passes a deal to avert the "fiscal cliff" of tax hikes and spending cuts that threatened to plunge the world's largest economy back into recession.
The biggest Arab stock market's all-share index rises 0.83 percent. It is sensitive to oil prices, which rose $1
a barrel in New York on Monday because of growing optimism about a fiscal cliff deal.
Most Gulf stock markets are closed on Tuesday for the New Year holiday, but Saudi Arabia and Oman are open.
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