Wednesday 16 March 2016

MIDEAST STOCKS-Oil rise boosts Saudi, Egypt continues post-devaluation rally | Reuters

MIDEAST STOCKS-Oil rise boosts Saudi, Egypt continues post-devaluation rally | Reuters:

"Saudi Arabia's stock market rose on Wednesday in response to a surge in oil prices but most of the Gulf was sluggish because of profit-taking.

Egypt rallied for a third straight day after the central bank devalued the currency.

In the early afternoon, Qatar said oil producers would meet in Doha on April 17 to discuss a proposal to freeze output, lifting Brent crude back above $39 a barrel."



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