MIDEAST STOCKS-Gulf rebounds after global markets stabilise | ZAWYA MENA Edition:
"Gulf stock markets rebounded modestly in early trade on Wednesday after global bourses stabilised following their tumble in recent days. The Saudi index was 0.9 percent higher after 45 minutes in a broad rally, with gaining stocks outnumbering losers by 164 to 11. PetroRabigh, which surged in the past two days on very strong fourth-quarter earnings, added a further 3.8 percent. Food retailer Abdullah Al-Othaim Markets, which rose on Tuesday after saying quarterly profit grew 75 percent, climbed a further 3.9 percent. "
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