MIDEAST STOCKS-Most Gulf markets edge up, tracking oil; Saudi flat | Reuters:
"Most Gulf stock markets edged up on Wednesday after oil prices jumped, but the approach of the Muslim holy month of Ramadan limited gains because trading activity usually drops sharply during this period.
Saudi Arabia's main index closed nearly flat as stocks were mixed. Alinma Bank and Saudi Basic Industries, the two most heavily traded stocks, both fell 0.3 percent.
However, leading retail bank Al Rajhi, which could benefit from an anticipated U.S. interest rate hike later this year, rose 1.2 percent as investors awaited a statement from the U.S. Federal Reserve later in the day after its policy meeting."
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