MIDEAST STOCKS-Bourses rise as oil remains over $30; Dubai gets boost from results | Reuters:
"Bourses in the Middle East advanced on Wednesday as investors nerves were quelled, for now, by Brent prices trading over $30.
Many traders and fund managers believe that if Brent trades above $30 - a level investors have been eyeing as a floor - then the region's stock markets may get a temporary boost. Brent traded at $31.61 at 1249 GMT.
Saudi's benchmark index traded up 1.1 percent to 5,699 points, but is about 200 points away from the next resistance level."
'via Blog this'
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