MIDEAST STOCKS-Gulf mixed on Q4 results, oil; Egypt extends gains:
"Gulf stock markets were mixed on Thursday, coming under pressure from some negative earnings reports but supported by stronger oil, while Egypt established a clear break of major technical resistance.
Brent crude oil gained more than 2 percent and rose above $50 per barrel on Thursday. Global equities were also strong as the European Central Bank prepared to announce a new quantitative easing program.
Saudi Arabia's index edged up 0.3 percent as petrochemicals giant Saudi Basic Industries gained 1.5 percent and a number of other stocks in the sector also rose."
'via Blog this'
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