MIDEAST STOCKS-Saudi, Egypt rebound more than 3 pct in early trade | Reuters:
"Stock markets in Saudi Arabia and Egypt jumped more than 3 percent in early trade on Tuesday as investors returned to buy after oil prices and global bourses became more stable.
The Saudi index surged 3.4 percent on buying-back of stocks that were dumped over the past two weeks. One of the top performers was Southern Province Cement, a mid-cap materials company, which rocketed 8.6 percent after the company 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 4.1 percent after the insurer reported a 69 percent jump in profit for the fourth quarter.
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