MIDEAST STOCKS-Firm oil prices lift Saudi, Bank of Sharjah boosted by merger talk | Reuters:
Firm oil prices lifted most Gulf stocks on Sunday, led by Qatar and Saudi Arabia, while Bank of Sharjah shares surged on news that the bank may get involved in three-way merger talks.
The Saudi index was up 0.5 percent in early trade, lifted by a 0.7 percent rise in Saudi Basic Industries and a 1 percent rise in Al Rajhi Bank.
A gain of more than 1 percent in Industries Qatar and Qatar National Bank lifted Qatari stocks by 0.8 percent in early trade.
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