MIDEAST STOCKS-Saudi Arabia extends rebound; Arabtec dampens Dubai | Reuters:
"Saudi Arabia's bourse rebounded further on Sunday after oil prices mounted an end-of-week rally, while other Gulf markets were steady although Arabtec weighed on Dubai following the builder's poor quarterly results.
Brent oil rose 1.6 percent to $55.32 per barrel on Friday while U.S. crude futures for April delivery jumped 4 percent to settle at $45.72 as the dollar posted its biggest weekly decline against the euro in more than three years.
Saudi Arabia's main stock index added 1.5 percent, as petrochemical giant Saudi Basic Industries (SABIC) climbed 1.1 percent and other sectors, such as banks and property firms, were also strong."
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