MIDEAST STOCKS-Saudi Arabia rises in otherwise weak Gulf; Egypt slides | Reuters:
"Most Gulf stock markets fell on Wednesday as oil remained volatile, but Saudi Arabia resumed its rally. Egypt's Orascom Construction tumbled in Dubai as Egyptian investors appeared to sell the stock to acquire hard currency.
The main Saudi benchmark edged up 0.5 percent on late buying as the price of Brent crude oil rebounded towards $57 per barrel, after hitting a one-month low below $56.
The index closed exactly on its 200-day average of 9,662 points, a strong technical resistance level. Oil's rebound allowed the petrochemicals sector to recover from early losses and close flat, while other stocks climbed."
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