MIDEAST STOCKS-Gulf stocks up on higher oil prices; Saudi’s Alhokair plunges | Reuters:
Gulf stock markets opened on a positive note on Sunday, boosted by a surge in oil prices and mirroring a rally in global stocks late last week. Oil prices rose on Friday on concerns that U.S. sanctions against Iran would remove a substantial volume of crude oil from world markets at a time of rising global demand. The Saudi index was up 0.4 percent in the first half hour of trading, lifted by gains across the banking and the petrochemical sectors.
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