MIDEAST STOCKS-Saudi firms on oil rebound, Abu Dhabi's Dana pulls back:
"An overnight rebound in crude oil prices helped Saudi Arabia’s equities index outperform its regional peers early on Wednesday, while shares of Abu Dhabi-listed Dana Gas gave up some of the big gains of the past two days.
Brent oil was trading at $53.37 a barrel, slightly above its level when the Saudi market traded on Tuesday last week, just before it closed for long Eid al-Adha holidays.
All but two of the 14 listed Saudi petrochemical producers rose as the market reopened on Wednesday with Rabigh Refining and Petrochemical adding 1.3 percent. The main Saudi index rose 0.5 percent."
'via Blog this'
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