MIDEAST STOCKS-Saudi rebounds on insurers, QNB rises after earnings:
"Saudi Arabia’s stock market rebounded on Thursday as insurance stocks regained some strength, while Qatar’s biggest bank edged up after it reported solid earnings.
The main Saudi index, which had sunk 2.2 percent on Wednesday, rose 1.4 percent to 6,988 points after testing demand at lower levels. However, it remained below the 200-day average, now at 7,041 points, which it fell through this week - a negative technical signal.
Twenty-three of the 33 listed insurers rose. All but one had dropped on Wednesday because of fears of an industry shakeout caused by a regulatory crackdown."
'via Blog this'
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