MIDEAST STOCKS-Strong oil boosts Gulf, Global Telecom lifts Egypt | Reuters:
"Gulf stock markets rose on Thursday after Brent crude oil futures surged nearly 5 percent on Wednesday to near their highest levels this year, while strong earnings from Global Telecom helped to lift Egypt.
The Saudi stock index gained 0.6 percent but trading volume fell. Petrochemical stocks were strong with Saudi Basic Industries up 1.5 percent.
Najran Cement climbed 4.3 percent in its heaviest trade since July 2012 after it said it planned to pay a 0.60 riyal per share dividend for the first half of 2016."
'via Blog this'
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