UPDATE 2-MIDEAST STOCKS-Saudi Arabia rises after royal reshuffle | Reuters:
"Saudi Arabia's stock market rose in early trade on Wednesday after King Salman carried out major reshuffles in the line of succession and his cabinet.
The main Saudi index climbed 0.8 percent to 9,790 points as most stocks rose. The move lifted the benchmark above major technical resistance in the 9,572-9,745 point area, where the 200-day average roughly coincides with the March peak.
Heavyweight petrochemicals firm Saudi Basic Industries jumped 2.3 percent and was the main support."
'via Blog this'
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