MIDEAST STOCKS-Saudi, Egypt advance as oil, global markets recover | Reuters:
"Stock markets in Saudi Arabia and Egypt advanced in early trade on Monday after oil prices rebounded moderately, helping lift international bourses.
Riyadh's index edged up 0.6 percent as the petrochemical sector rose 0.9 percent with its largest constituent, Saudi Basic Industries, gaining 0.7 percent. Brent futures were up 2.3 percent at $33.76 a barrel.
"A confirmation of a bullish trend in stock markets will only come when we see hard evidence that oil prices have healed," said a Dubai-based analyst."
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