MIDEAST STOCKS-Gulf shares mostly up but volumes thin before Ramadan - Reuters:
Stock markets in the Gulf mostly gained in early trade on Sunday, reflecting increases in global equities and oil prices late last week, but petrochemical companies and banks dragged down the Saudi exchange.
Volumes were thin, with traded value quite low ahead of the Muslim holy month of Ramadan this week.
Global stock markets rallied on Friday, buoyed by a U.S. payrolls report that exceeded expectations, and Brent crude oil futures settled 10 cents higher at $70.85 a barrel.
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