MIDEAST STOCKS-Saudi rebounds, rest of region sluggish | ZAWYA MENA Edition:
"Saudi Arabia's stock market rebounded on Monday as global equities and oil prices regained some strength after last week's tumble, but other Gulf bourses moved little, with Qatar's index restrained by its biggest bank going ex-dividend. The Saudi index climbed 0.8 percent in the first 25 minutes as petrochemical blue chip Saudi Basic Industries added 1.1 percent and Al Rajhi bank gained 1.6 percent. Trade Union Cooperative Insurance surged 4.6 percent after reporting an 87 percent leap in fourth-quarter net profit, as gross written premiums increased 35 percent. But Salama Cooperative Insurance fell 2.3 percent after quarterly profit shrank 6 percent. "
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