MIDEAST STOCKS-Markets rise on oil, global mood; petchems buoy Saudi | Reuters:
"Middle Eastern stock markets rose on Wednesday, encouraged by an overnight jump in oil prices which boosted Saudi Arabian petrochemical shares in particular, and strength in Asian bourses after strong Chinese trade data.
The Saudi index climbed 0.6 percent in the heaviest volume for three weeks. In the petrochemical sector, Sipchem jumped 5.5 percent. Yansab, which was due to release first-quarter earnings after the close, gained 3.5 percent.
National Commercial Bank, the biggest lender, rose 0.7 percent. It posted a 1 percent rise in profit to 2.63 billion riyals ($702 million). SICO Bahrain had forecast 2.30 billion riyals and Deutsche Bank, 2.23 billion riyals."
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