MIDEAST STOCKS-Oil may support Gulf markets, earnings mixed | Reuters:
"Strong oil may support Gulf stock markets on Monday, although some of the latest earnings reports have been weak, especially in Qatar, and Saudi Arabia may be vulnerable to profit-taking after surging in the previous session.
Brent oil rose 1 percent to just above $64 a barrel in Asian trade on Monday, extending last week's gains as a drop in the number of U.S. rigs drilling for crude pointed to lower supply later in the year, while China's latest monetary stimulus measure also underpinned the market.
Saudi Arabia's index rose 4.0 percent on Sunday, its biggest gain this year, to 9,620 points on news that the market regulator will allow foreigners to buy local stocks directly from June 15. The index stood above the 200-day average, now at 9,572 points."
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