MIDEAST STOCKS-Major indexes advance as oil, global markets recover | Reuters:
"A return of some risk appetite to global equity markets and a recovery in oil prices helped lift major Middle East exchanges in robust volumes on Tuesday.
Riyadh's index rose 0.9 percent to 5,740 points in heavy trade, its second straight day of gains since news that the central bank lifted local banks' maximum loan-deposit ratio to 90 percent from 85 percent to ease liquidity in the sector.
But the index came off its high of 5,848 points after Saudi Arabia, Russia, Qatar and Venezuela agreed on Tuesday to freeze their oil output at January levels, providing other major producers followed suit. Oil prices rose in anticipation of the announcement and fell back slightly afterwards.
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