MIDEAST STOCKS-Gulf bourses rises in early trade as oil breaks $50

May 26, 2016 8:02 AM

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DUBAI May 26 Gulf shares rose in early trade on Thursday as oil prices climbed to hit their highest levels in six months and global equity markets edged higher.

Petrochemical shares lifted Riyadh's index 0.6 percent with Saudi Basic Industries, the largest listed producer, adding 1.2 percent as Brent oil prices broke over $50 a barrel in Asian trade.

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