MIDEAST STOCKS-Gulf markets edge up on positive global environment | Reuters:
"Gulf stock markets edged higher on Sunday in response to firm oil prices and global equities although trading volumes remained moderate.
Brent oil closed at $52.65 on Friday, slightly above its level when Gulf markets last traded on Thursday. The MSCI all-country world equity index climbed 0.7 percent for its eighth daily gain. It was up 4.4 percent for the week, its biggest weekly advance since December.
This was enough to prompt broad-based buying in Dubai, where the most heavily traded stock, GFH Financial, added 3.0 percent. At the end of last week Fitch Ratings affirmed the company's long-term rating at B-minus with a stable outlook."
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