MIDEAST STOCKS-Gulf rises, Saudi's Atheeb Telecom jumps after swinging to profit:
"Stock markets in the Gulf rose early on Thursday with Saudi Arabia's index gaining strength from positive company-specific news. The Riyadh index was up 0.4 percent in the first hour, as Atheeb Telecommunications surged 8.5 percent after it swing to a quarterly net profit of 55.4 million riyals ($14.8 million) from a loss of 58.1 million a year ago. The result was mainly due to the sale of 500 communications towers, but also reflected an increase in data, internet and voice revenue, the company said."
'via Blog this'
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