MIDEAST STOCKS-Royal reshuffle boosts Saudi; Egypt rebounds on tax compromise hopes | Reuters:
"Saudi Arabia's stock market led gains in the Gulf on Wednesday after King Salman carried out major reshuffles in the line of succession and his cabinet. Egypt's bourse rebounded on hopes for good news about taxes.
The main Saudi index climbed 1.0 percent to 9,812 points. The benchmark rose above major technical resistance in the 9,572-9,745 point area, where the 200-day average roughly coincides with the March peak.
Blue chips Saudi Basic Industries and National Commercial Bank were the main supports, surging 4.7 percent each."
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