MIDEAST STOCKS-Oil boosts Saudi, financial services push up Egypt | Reuters:
"Saudi Arabia's stock market rose in early trade on Wednesday on the back of gains in oil prices, while the acquisition of an investment banking operation in Egypt sparked interest in that sector as a whole, pushing up the Cairo market.
The Saudi index added 0.5 percent to 6,208 points in the first hour of trade. On Tuesday, it broke technical resistance at the early February and end-January peaks of 6,056-6,099 points, triggering a bullish right triangle pointing up to around 6,850 points.
Heavyweight stocks such as Saudi Basic Industries moved little and much activity focused on smaller speculative stocks such as National Agricultural Development, up by its 10 percent daily limit."
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