Mideast Stocks: Wall Street surge boosts Gulf, real estate lifts Dubai | ZAWYA MENA Edition:
Saudi Arabia and most other major Gulf stock markets rose in early trade on Thursday, buoyed by the sharp rebound on Wall Street overnight and Brent oil's recovery from below $50 a barrel.
Saudi Arabia's index rose 0.8 percent in the first 75 minutes with all 14 petrochemical stocks rising; Saudi Basic Industries increased 0.4 percent.
Riyad Bank climbed for a fourth straight day, adding 1.5 percent. The stock has been buoyed by news of merger discussions with National Commercial Bank, the kingdom's biggest lender by assets, which edged up 0.1 percent.
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