MIDEAST STOCKS-Saudi rises in early trade, rest of Gulf mixed | Reuters:
"Saudi Arabia's bourse rose in early trade on Sunday as firm oil prices encouraged investors, but the retail sector continued to reflect weakness of the domestic economy. Other Gulf bourses traded narrowly.
Riyadh's main index was up 0.9 percent in the first hour of trade, extending Thursday's 1.2 percent gain. It was supported mainly by petrochemical shares, with Saudi Basic Industries up 1.9 percent.
Oil prices rose on Friday, notching their third straight week of gains, as market sentiment turned more upbeat amid signs that a persistent global supply glut might be easing. Brent futures ended Friday up 1.3 percent at $45.11 per barrel."
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