MIDEAST STOCKS-Markets rise on better global backdrop but turnover thin | Reuters:
"Middle East stock markets rose on
Wednesday after oil prices and the global market environment
improved, but modest trading volumes showed investors were not
prepared to bet on an extended rally.
Brent crude was just above $48 a barrel, slightly
higher than its levels during Gulf hours on Tuesday, and this
helped Saudi Arabia's stock index climb 0.9 percent on
the back of petrochemicals, which are sensitive to oil prices.
Saudi Basic Industries rose 1.3 percent and oil
shipper Bahri jumped 8.1 percent."
'via Blog this'
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