14-04-2016 07:45 via news.yahoo.com

MIDEAST STOCKS-Gulf bourses may be firm as company earnings top forecasts

DUBAI, April 14 (Reuters) - Gulf bourses may remain generally firm on Thursday as companies' first-quarter results continue to come in above analysts' forecasts and as the Brent oil price stays above $43 a barrel. Saudi Arabia's index, last at 6,442 points, faces technical resistance on the March peak of 6,525 points. Yanbu (Yansab), the second petrochemical firm to announce results this season, reported a 41 percent jump in net profit to 401.9 million riyals ($107.21 million), beating analysts'
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