MIDEAST STOCKS-Banks lift Abu Dhabi to 8-month high, most markets up | Reuters:
"Most major Middle East stock markets rose on Wednesday on positive second-quarter earnings and news that the United Arab Emirates would cut domestic diesel prices.
Saudi Arabia's main index added 0.5 percent, supported by National Petrochemical Co (Petrochem), which surprised analysts with strong quarterly earnings.
Petrochem surged 7.4 percent after the company posted a 55 percent increase in net profit that it attributed, among other factors, to cheaper feedstock. It reported just before the extended Eid al-Fitr break which began last week."
'via Blog this'
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