MIDEAST STOCKS-Markets lifted by global rally and oil prices - Reuters:
Major Middle East stock markets closed higher on Tuesday,
tracking a rise in global equities and a recovery in oil prices, with Saudi
Arabia leading gains on the back of oil giant Saudi Aramco.
Global equity markets surged on Monday and Asian shares extended gains on
Tuesday after data on Moderna Inc's COVID-19 vaccine, the first to be
tested in the United States, showed it produced protective antibodies in a small
group of healthy volunteers.
Oil prices rose for a fourth straight session on Tuesday, supported by signs
of output cuts and demand recovery as coronavirus restrictions are eased.
"Global sentiment is leading the rise in local markets supported by
recovering oil prices," said Marie Salem, head of institutions at Daman
Securities.
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