MIDEAST STOCKS-Saudi edges up, Egypt continues slide on rate worries | Agricultural Commodities | Reuters:
"Saudi Arabia's stock market edged up in early trade on Thursday, buoyed by interest in beaten-down cement firms, while Egypt fell again on worries about a possible interest rate increase, a currency devaluation or both.
A decision by Saudi Arabia to raise oil prices to its main customers in Asia contributed to a sense that crude may finally have bottomed out. Also, a purchasing managers' index released on Thursday showed non-oil business activity in Saudi Arabia accelerating slightly in February from January's multi-year low .
That helped the Saudi index rise 0.3 percent in the opening minutes. Jouf Cement climbed 3.5 percent to 9.00 riyals in unusually heavy trade; it is down from a mid-2015 peak of 18.35 riyals. Najran Cement added 2.0 percent."
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