UPDATE 2-MIDEAST STOCKS-Saudi Arabia extends gains, Egypt stabilises | Reuters:
"Saudi Arabia's bourse rose broadly in early trade on Sunday, and Egypt's market also edged up after last week's sell-off in Cairo driven by speculation that the country might eventually be excluded from MSCI's emerging markets index.
The main Saudi index climbed 0.5 percent to 9,783 points as most stocks rose. Last week it confirmed technical support on its 200-day average, now at 9,566 points, and it faces chart resistance at its April peak of 9,897 points.
Al Tayyar Travel Group, which was the only addition to MSCI's new Saudi Arabian index last week, jumped 2.8 percent."
'via Blog this'
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