MIDEAST STOCKS-Saudi, Egypt edge up as fears ease over China - Yahoo Maktoob News:
"Stock markets in Saudi Arabia and Egypt edged up on Thursday as global equities and commodities steadied and investors saw value in beaten-down local stocks.
Saudi Arabia's main index rose 0.4 percent petrochemicals firm Saudi Basic Industries Corp (SABIC) , the biggest listed company on the market, added 1.5 percent.
SABIC's earnings are correlated with oil prices which have rebounded on Thursday. It will also pay a 5.5 riyal dividend, representing about 6 percent of the stock's current price, in early September, which offers investors a quick, guaranteed income."
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