MIDEAST STOCKS-Saudi rises sharply on oil price hopes, Egypt firm | Reuters:
"Saudi Arabia's stock market rose sharply in early trade on Thursday on hopes for a global agreement to prop up oil prices, while Egypt's bourse was firm.
The Saudi index gained 1.5 percent in the opening minutes, heading for its fourth straight day of gains, as the biggest petrochemical maker, Saudi Basic Industries, climbed 2.9 percent.
Jabal Omar Development rose 3.4 percent after saying it had signed an agreement with the Ministry of Finance to defer payments on a 3 billion riyal ($800 million) loan; it had missed a first payment on the loan in January."
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