MIDEAST STOCKS-Gulf mostly rises on oil surge; Saudi petchems, builders up | ZAWYA MENA Edition:
"An overnight surge in the Brent oil price above $67 a barrel for the first time since May 2015 helped most Gulf stock markets rise on Wednesday, while Dubai rebounded modestly from a six-month low. The Saudi stock index closed 0.3 percent higher in active trading volume, though it came off an early high as the oil price retreated from its peak on Wednesday afternoon. Eleven of 13 Saudi petrochemical producers, whose margins could benefit from dearer oil, rose. The biggest, Saudi Basic Industries , added 0.6 percent. "
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