MIDEAST STOCKS-Gulf markets gain as oil nears $39; Egypt up but worries loom | Reuters:
"Firmer oil prices and a revival of global risk appetite helped lift stock markets in the Middle East on Sunday, as heavyweight petrochemical firms and banks boosted Saudi Arabia's bourse in heavy trade.
Moody's Investors Service put the debt ratings of Saudi Arabia, the United Arab Emirates, Kuwait and Qatar on review for possible downgrade late on Friday, and cut Bahrain's rating to junk, citing low oil prices.
But many investors saw this as a belated response to old news, and focused instead on oil's rebound near $39 a barrel in the past couple of weeks."
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