MIDEAST STOCKS-Saudi shares rise; most Gulf mkts up on global cues | Reuters:
"* Saudi index climbs 0.6 pct, recovers losses from the week
* Abu Dhabi measure rose to 65 month high
* Dubai slips on profit-taking
By Nadia Saleem and Raya Atallah
DUBAI, Jan 29 (Reuters) -
Saudi Arabia's shares rose on Wednesday, buoyed by a recovery in global markets as investor focus returned to local fundamentals, while most other regional markets also gained.
Asian and European shares rebound and Turkey's lira saw its biggest jump in five years on Wednesday after the central bank stunned investors with a huge rate hike designed to staunch and reverse a major flight from risk."
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