UPDATE 2-MIDEAST STOCKS-Saudi Arabia rebounds with firmer oil; Egypt more stable | Reuters:
"Saudi Arabia's stock market rebounded moderately on Monday after an uptick in oil prices, while Egypt became more stable following a bout of heavy profit-taking.
The Saudi stock index sank 1.7 percent on Sunday because of the prospect of lower oil prices after world powers reached a preliminary nuclear deal with Iran, which could lead to a lifting of sanctions on Tehran and more Iranian oil supplied to the market. Brent oil plunged nearly 4.0 percent on Thursday.
But Brent rebounded 2.2 percent to $56.15 a barrel on Monday morning, encouraging cautious buying-back of Saudi stocks."
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