MIDEAST STOCKS-Saudi Arabia leads reopening Gulf markets higher | Reuters

MIDEAST STOCKS-Saudi Arabia leads reopening Gulf markets higher | Reuters:

"* Saudi index rises 0.5 pct in active trade

* Buying across property, petrochem, telecom sectors

* Dubai bounces from short-term uptrend line

* Aldar Properties surges as CEO leaves

* Egypt edges up as political stalemate continues

By Andrew Torchia

DUBAI, Aug 13 (Reuters) - Saudi Arabia led other Gulf markets higher on Tuesday as most reopened after long Eid holidays, while Dubai bounced from technical support, suggesting its bull run is not yet stalling.

After a week-long break, the main Saudi index climbed 0.5 percent to 8,115 points in active turnover.

Buying was seen across a wide range of sectors; property developer Dar Al Arkan, the most active stock, gained 1.4 percent while petrochemical firm Saudi Kayan rose 2.1 percent."

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