MIDEAST STOCKS-Saudi rises on oil price surge, most of Gulf little changed | ZAWYA MENA Edition:
"Saudi Arabia's stock market rose in early trade on Wednesday as petrochemical shares climbed on the back of an overnight surge in the Brent oil price LCOc1 above $67 a barrel for the first time since May 2015. Other Gulf bourses were little changed.
The Saudi stock index added 0.5 percent in the first 45 minutes as the top petrochemical stock, Saudi Basic Industries, rose 1.0 percent.
Construction firms were also strong on hopes that higher oil revenues would give the government money to boost infrastructure spending next year; Khodari rose 1.3 percent. "
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