MIDEAST STOCKS-Gulf rises on back of oil, global mood | Reuters:
"Gains for global equity and oil markets boosted Gulf bourses on Wednesday with Saudi petrochemical shares and Dubai real estate stocks leading the gains.
Riyadh's index rose 0.6 percent in modest volume as Saudi Basic Industries, the largest petrochemical producer, climbed 1.2 percent.
Saudi Cement added 2.0 percent after the company said it had sold its 40 percent stake in Kuwaiti cement company Group International Cement for $6.59 million; the deal will be reflected in its books in the second quarter."
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