Middle East Shares Rise, Saudi Shares Get Boost from Oil; Several Markets Close for Holiday
MidEast stocks rose, with Saudi stocks getting help from higher crude prices.
Brent crude hovered around $56 per barrel.
Qatar rose for the third straight day, buoyed primarily by local funds.
In company news, Saudi Research and Marketing signed a 10-year contract with Bloomberg for an exclusive license to launch a Bloomberg Arab channel. The annual license cost is 33.8 million riyals.
Saudi Arabia's main index inched up 0.09% to 7,326 points, Qatar added 0.2% to 8,361 points and Oman jumped 1.2% to 5,100 points. The United Arab Emirates, Kuwait, Bahrain and Egypt were closed for the Islamic New Year holiday.
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