MIDEAST STOCKS-Bourses rebound from near multi-year lows as oil edges up | Reuters:
"Major Middle East bourses climbed more than 2 percent on Tuesday after global oil and equity markets stabilised, encouraging investors to buy stocks with beaten-down valuations.
The Saudi index, which had tumbled 20 percent since the end of last year, jumped 4.0 percent to 5,746 points. One of the top performers was Southern Province Cement, a mid-cap materials company, which rocketed 9.8 percent after it reported a 21.6 percent increase in fourth-quarter net profit.
Other mid-caps in various sectors also carried the bourse higher. Bupa Arabia was up 8.7 percent after the insurer reported a 69 percent jump in quarterly profit."
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