MIDEAST STOCKS-Gulf rebounds; Dubai's DAMAC surges after tripling Q2 profit | Reuters:
"Most Gulf stock markets rose on Wednesday after Brent oil steadied above $50 per barrel and strong profit growth at Dubai real estate developer DAMAC sparked buying in that market.
The main Saudi index edged up 0.2 percent. Petrochemicals giant Saudi Basic Industries, which had tumbled this week tracking oil's drop, rose just as much and was the most traded stock in Riyadh.
Some other beaten-down petrochemicals stocks also rose. Saudi International Petrochemical Co, which had fallen 8 percent this week, climbed 1.6 percent."
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