MIDEAST STOCKS-Gulf higher on oil, Egypt rises after debt upgrade | Reuters:
"Most Gulf stock markets rose on Wednesday, buoyed by firmer oil prices, as Egypt climbed after rating agency Moody's Investors Service upgraded the country's sovereign debt.
Brent crude had rebounded sharply in the past two days and although it pulled back slightly on Wednesday, it remained above $58 a barrel, about $1 above its levels when Gulf stock markets were open on Tuesday.
The Saudi stock index climbed 0.6 percent to 8,852 points in increasing turnover. It rose further from chart support at the March low of 8,497 points, which was tested and held on Sunday, and may now be at least a short-term bottom for the market."
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