UPDATE 1-MIDEAST STOCKS-Positive corporate, geopolitical news lift Gulf markets

April 22, 2015 7:08 AM

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DUBAI, April 22 (Reuters) - Most Gulf stock markets rose in early trade on Wednesday after Saudi Arabia and its allies in the region decided to end a campaign of air strikes against Yemen's Houthi rebels. Also, corporate news flow was mostly positive.

The Yemen fighting was never a major concern for financial markets, but it did unsettle some investors in the Gulf and Egypt, and stock markets across the region fell by several percent after the military campaign began. Its completion may help to reverse those losses.

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