UPDATE 2-MIDEAST STOCKS-Gulf markets extend gains after oil edges up | Reuters

UPDATE 2-MIDEAST STOCKS-Gulf markets extend gains after oil edges up | Reuters:



"Gulf stock markets rose on Thursday after oil rebounded slightly from its Wednesday low and several companies made positive announcements.



Supported by a fall in U.S. crude oil inventories, Brent futures bounced around $51 per barrel on Thursday after briefly dropping below $50 in the previous session.



Saudi Arabia's stock index climbed 1.8 percent in a broad rally. Shares in Saudi British Bank (SABB) jumped 2.1 percent after it received approval to raise its capital by 50 percent to 15 billion riyals ($4 billion) through a bonus share issue."



'via Blog this'