Dubai index choppy after rebound | GulfNews.com:
"The Dubai index was choppy in early trade on Monday even as recovering crude post the positive comments from Saudi Arabia and Qatar limited the downside.
The Dubai Financial Market General Index was up 0.04 per cent at 3,766.91, after moving in the tight range of 3,719.16 - 3,823.75. The Abu Dhabi Securities Exchange general index was down 0.20 per cent at 4,507.74.
Oil rose as much as 2 per cent for a second day, extending the biggest rally since October 2012 after Saudi Arabia said it was confident that crude will rebound as world economic growth boosts demand. A global glut that has driven prices lower was created by a lack of cooperation from producers outside the Organization of Petroleum Exporting Countries, according to Saudi Arabian Oil Minister Ali Al-Naimi."
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