MIDEAST STOCKS-Second-tier stocks boost Saudi, other markets narrowly mixed | Reuters:
"Second-tier stocks boosted Saudi Arabia's bourse on Thursday as oil prices rebounded from an overnight tumble, but other Gulf markets were narrowly mixed. Egypt's stock index fell but ended well off its lows.
Brent oil slid about 3 percent to below $54 a barrel on Wednesday but by the time the Saudi market closed on Thursday it had rebounded to above $56, heartening investors who have been taking the oil price as their main cue in recent months.
The Saudi stock index ended 1.4 percent higher in moderate turnover. Construction firm Jabal Omar jumped 9.7 percent after swinging to a quarterly profit of 149.3 million riyals ($39.8 million) from a loss of 2.5 million riyals a year earlier."
'via Blog this'
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