**PLEASE NOTE THIS IS A PRESENTED MARKET REPORT**

Thomson Reuters Journalist Kyrrie Blenkinsop says Gulf markets improve as oil breaks $50 mark.

SHOWS: LONDON, ENGLAND, UK (JANUARY 22, 2015) (REUTERS - ACCESS ALL)

1. THOMSON REUTERS, JOURNALIST, KYRRIE BLENKINSOP , SAYING:

A slight rise in oil prices supported most Gulf markets today.

Brent advanced more than 2%, climbing above the 50-dollar a barrel mark.

And that was good news for the Saudi Arabian index edging up 0.3 on the back of a 1.5% gain by petro-chemicals giant Saudi Basic Industries.

We also saw gains from other stocks in the sector as well.

Now steadier prices could buoy petro-chemicals. The sector has really suffered on the back of falling oil prices with profit margins taking a hit.

Global equities were also gave the markets a boost as the European central bank announced it's much anticipated QE program.

Egypt had another strong day rising 0.4%.

Global telecom led the gains up almost 3% adding to gains in the previous session.

The company surged its daily 10% limit on Wednesday after a multi-billion dollar deal to sell more than half of its stake in a local operator to the Algerian government was given the go ahead.

Dubai's bourse enjoyed gains up 0.9% boosted by the banks and property sector.

Dubai Islamic Bank was up almost 2% and Emaar Properties edged up 0.7%.

While Abu Dhabi's benchmark slid 0.4% as most blue-chips weakened.

Telecommunications firm Eti-Salat dragged down the index falling half a percent.

On the flip-side the banks enjoyed gains.

Sharjah bank climbed almost 4.5% after reporting a 23% increase in 2014 net profit.

And Abu Dhabi Islamic Bank was 1.3% higher.

Qatar meantime slipped almost 1.5%.