UPDATE 2-MIDEAST STOCKS-Saudi Arabia edges up as oil rallies | Reuters:
"Saudi Arabia's stock market rose moderately in early trade on Monday, supported by positive corporate news and firmer oil.
The benchmark climbed 0.5 percent as most stocks rose, offsetting negative influence from heavyweight Saudi Basic Industries, which dropped 2.7 percent as it went ex-dividend.
Petrochemical firm PetroRabigh surged 4.8 percent after announcing it would ask shareholders to approve raising its capital via a rights issue worth about 7.04 billion riyals ($1.88 billion)."
'via Blog this'
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