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Mideast Stocks-Gulf bourses edge higher after oil firms

2016-04-11 00:40:51| Chemicals - Topix.net

A rebound in oil prices to more than $41 a barrel last week helped to lift major Gulf stock markets in early trade on Sunday. The petrochemicals industry was an obvious beneficiary, with a 2.6 percent gain for Saudi Basic Industries helping to lift the kingdom's petrochemicals index by 2.1 percent while the market's main index rose 1.2 percent in early trade.

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