MIDEAST STOCKS-Saudi earnings, oil boost Gulf, Egypt breaks chart barrier | Reuters:
"Gulf stock markets rose on Tuesday as several Saudi companies beat first-quarter earnings estimates and oil prices held up better than feared after the failure of Sunday's Doha meeting to agree on an output freeze.
The Saudi stock index climbed 1.7 percent as Saudi Basic Industries, the biggest petrochemical producer, gained 2.3 percent.
SABIC reported a 13.2 percent drop in net profit to 3.41 billion riyals ($909.4 million) after analysts had on average forecast 2.84 billion riyals."
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