MIDEAST STOCKS-Saudi rises above 8,000; Egypt extends rally | Reuters:
"Saudi Arabia's main stock index rose above the 8,000-point level on Monday for the first time in nearly five years, while Egypt hit a fresh five-month high on increasing hopes for a peaceful resolution to its political crisis.
The Saudi index advanced 1.3 percent to 8,072 points, its highest finish since September 2008; it has gained in five of the last six trading sessions.
The kingdom's bourse will close from Tuesday for Eid holidays and resume trading on Aug. 13; investors' willingness to hold stocks over the holidays is a bullish signal."
'via Blog this'
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