21-12-2016 09:50 via news.yahoo.com

MIDEAST STOCKS-Gulf edges up before Saudi budget, Egypt continues bull run

Gulf stock markets edged up early on Wednesday ahead of the release of Saudi Arabia's state budget for 2017, which is expected on Thursday. Egypt's stock market continued its bull run. Arabian Pipes jumped 5.2 percent after saying it had won a 72 million riyal ($19.2 million) order to supply pipes to oil giant Saudi Aramco, while Saudi Steel Pipes 6.1 percent after reporting a similar order from Aramco.
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