MIDEAST STOCKS-Oil buoys Gulf markets; Dubai, Saudi hit 2015 highs | Reuters:
"Most major Gulf stock markets, led by Dubai, rose on Sunday after the Brent oil price hit a 4-1/2-month high, while the bourse of energy importer Egypt closed in the red.
Brent crude climbed to $65.80 a barrel on Friday because of continued fighting in Yemen and, although U.S. crude fell on concerns about another upcoming stock build, both benchmarks posted weekly gains.
The main Saudi equities index gained 1.2 percent on Sunday to a 5-1/2-month closing high of 9,725 points as petrochemicals giant Saudi Basic Industries (SABIC), which would benefit from stronger oil, was the main support, jumping 3.5 percent."
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