MIDEAST STOCKS-Banks boost Saudi index; wide sell-off weighs on Egypt - Reuters:
Saudi Arabia's stock market rose sharply
on Wednesday, with all its banks gaining amid advancing oil
prices on positive news from China's services sector, while
Egypt's index ended lower as most of its blue-chip stocks
dropped.
Oil prices were up boosted by a wider market pickup, after
three days of losses on lingering concern about a weakening
global economy.
Global markets rebounded after a private survey showed that
activity in China's services sector expanded at the fastest pace
in three months in August as new orders rose, prompting the
biggest increase in hiring in over a year.
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