MIDEAST STOCKS-Firmer oil prices support Gulf bourses in early trade | Reuters:
"Firmer oil prices supported stock markets in the Gulf in early trade on Wednesday but trading volumes were thin as most investors stayed on the sidelines before Britain's in-or-out European Union referendum on Thursday.
Saudi Arabia's benchmark added 0.5 percent in the first 20 minutes as Brent crude held over $50 a barrel. Saudi Basic Industries, the Gulf's largest listed petrochemical producer, added 0.9 percent and the banking sub-index was up 0.5 percent.
In Abu Dhabi, Union National Bank jumped 5.1 percent, heading for a second day of strong gains after Arqaam Capital said in a note on Tuesday that following the proposed merger between National Bank of Abu Dhabi and First Gulf Bank, "we expect UNB to be next"."
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