MIDEAST STOCKS-Gulf rises on bargain-hunting as global mood improves | Reuters:
"Stock markets in the United Arab Emirates and Qatar rose in early trade on Sunday as investors bought stocks that had been beaten down to multi-year lows this year.
There is a sense that global bourses and oil prices are regaining some longer-term strength after Brent crude oil gained more than 6 percent last week.
This is encouraging sharp rebounds in stocks that bore the brunt of panic selling early this year. One of the leading such stocks is Dubai construction firm Drake & Scull, which rose 6.3 percent to 0.44 dirham in early trade on Sunday. It was the market's most heavily traded stock."
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