MIDEAST STOCKS-Saudi continues rebound on petchems; Egypt up | Reuters:
"Saudi Arabia's stock market rebounded early on Sunday as beaten-down petrochemical shares were bought on hopes that oil prices may have bottomed, while merger activity in the financial sector supported Egypt.
Brent oil's strong recovery above $50 a barrel last week made many investors more comfortable with petrochemical stocks. Sector leader Saudi Basic Industries (SABIC) climbed 3.8 percent to 89.75 riyals on Sunday.
Two other petchems were among the 10 most traded stocks and their prices also surged."
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