UPDATE 1-MIDEAST STOCKS-Gulf rises after oil's rally; Arabtec up on Egypt report

April 2, 2015 7:00 AM

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DUBAI, April 2 (Reuters) - Most Gulf stock markets rose in early trade on Thursday after oil prices rallied late on Wednesday, while builder Arabtec supported Dubai after a media report suggesting it was close to finalising a long-delayed deal in Egypt.

Both Brent and U.S crude prices ended three-session losing streaks on Wednesday, gaining $2 or more after data from the Energy Information Administration showed that a fall in rigs drilling for oil resulted in a drop in U.S. crude output last week for the first time since late December.

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