16-03-2016 15:18 via rocketnews.com

MIDEAST STOCKS-Oil rise boosts Saudi, Egypt continues post-devaluation rally

* Zain Saudi surges on hopes for tower sale* Saudi banks underperform after Moody’s lowers outlook * Dubai Investments falls after dividend proposal * Kuwait’s Agility rises on privatisation hopes * Egypt confirms technical breakout By Andrew Torchia DUBAI, March 16 (Reuters) – Saudi Arabia’s stock market roseon Wednesday in response to a surge in oil prices but most ofthe Gulf was sluggish because of profit-taking. Egypt rallied for a third straight day after the central
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