MIDEAST STOCKS-Markets climb on strong global backdrop, corporate news | Reuters:
"Most Middle Eastern stock markets rose on Sunday as an improved global environment encouraged local retail investors to buy and positive corporate news in Qatar, Saudi Arabia and Egypt buoyed shares in those countries.
Major foreign stock markets surged over 1 percent on Friday, partly because the Bank of Japan surprised markets by ramping up its economic stimulus programme. Although the long-term outlook for oil prices remains uncertain, Brent crude has stabilised around $85 a barrel in recent days.
That was enough to spur gains across the Gulf, although markets closed off their highs. Dubai's index rose 1.6 percent to end at 4,616 points, off the day's peak of 4,671."
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