MIDEAST STOCKS-Blue chips push up Saudi market; Egypt continues rebound | Reuters:
"Buying in beaten-down blue chips lifted Saudi Arabia's stock market early on Sunday, while Egypt's market continued to rise on hopes it had formed at least a short-term bottom after a downtrend lasting several months.
The Saudi index climbed 0.5 percent as petrochemical producer Saudi Basic Industries, which had surged its 10 percent daily limit in response to a rebound of oil prices on Thursday, added a further 1.6 percent to 103.00 riyals. However, it quickly came off its intra-day high of 105.75 riyals, suggesting its rally was already losing steam.
Miner Ma'adem, which had also jumped 10 percent on Thursday, gained a further 3.7 percent."
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