MIDEAST STOCKS-Saudi rally continues, upgrade fails to boost Egypt - Yahoo News:
"Saudi Arabia's stock market continued rebounding early on Wednesday because of firmer oil prices, but an upgrade of Egypt's debt by rating agency Moody's failed to boost that bourse.
Brent crude has risen sharply in the past two days and although it has pulled back slightly on Wednesday morning, it is still 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 in the opening minutes of trade. Real estate stocks, which began recovering this week from a sell-off caused by a plan to tax undeveloped land, rose further; Dar Al Arkan, the most heavily traded stock, added 0.9 percent."
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