MIDEAST STOCKS-Gulf may continue rally on oil; upgrade could boost Egypt

April 8, 2015 5:31 AM

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DUBAI, April 8 (Reuters) - Gulf stock markets may continue a gradual rebound on Wednesday because of firm oil prices, while Moody's decision to upgrade Egypt's debt rating could fuel a further recovery in that market.

Brent crude has risen sharply in the past two days and although it has pulled back slightly on Wednesday morning, it is still above $58 a barrel, about $1 above its levels when Gulf stock markets were open on Tuesday.

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