MIDEAST STOCKS-Gulf consolidates, Egypt jumps as global backdrop improves | Reuters:
"Gulf stock markets consolidated on
Thursday after oil prices and global equities steadied, while
Egypt jumped on strong economic data and corporate news.
Oil moved little on Thursday and Brent crude held
above $50 a barrel, stronger than it was when most Gulf stock
markets closed on Wednesday. Meanwhile, European stock indexes
rose and emerging markets were steady as volatile Chinese
markets were closed for holidays.
This allowed Saudi Arabia's main stock index to edge
up 0.2 percent. The banking sector, up 0.5 percent, was
the main support."
'via Blog this'
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