UPDATE 2-MIDEAST STOCKS-Petchems lift Saudi Arabia, Egypt up | Reuters:
"Saudi Arabia's stock index edged up in early trade on Thursday after oil prices appeared to stabilise, while Egypt's bourse continued to recover from a bout of profit-taking.
The main Saudi index rose 0.2 percent. Shares in petrochemicals giant Saudi Basic Industries (SABIC) added 0.4 percent and most other stocks were also in the black.
The market came under pressure earlier this week as oil prices extended losses, prompting concerns that the government may start cutting expenditures."
'via Blog this'
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