MIDEAST STOCKS-Greece hopes lift most of Gulf; Saudi, Egypt slide | News by Country | Reuters:
"Most Gulf stock markets rose on Monday on hopes that Greece would avoid defaulting on its debt, but Saudi Arabia continued dropping after breaking technical support. Egypt fell after a major brokerage issued a bearish technical report.
The chief of staff to European Commission President Jean-Claude Juncker tweeted that the latest proposal from Greece was a "good basis for progress". This helped to boost global stock prices and lift oil off its lows.
Dubai's main index climbed 1.0 percent to 4,135 points as trading volume tripled from Sunday's very low level. The index rose above technical resistance on its 200-day average, now at 4,099 points."
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