MIDEAST STOCKS-Local investors lead major bourses up but banks dampen Abu Dhabi | Reuters:
"Several major stock markets in the Middle East rose on Monday as local investors bought back shares, though blue-chip banks weighed on Abu Dhabi.
Equity markets in the region, where government revenues largely depend on petrodollars, have been struggling to break free of the negative impact of weak oil prices.
"Investors' propensity to react to changes in oil prices has increased," said a Riyadh-based analyst, noting even a slight change in rhetoric between OPEC and non-OPEC producers can send crude prices up or down and with it Gulf stock markets."
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