MIDEAST STOCKS-Saudi, Egyptian stocks fall moderately in early trade | Reuters:
"Saudi Arabian and Egyptian stocks fell in early trade on Monday but the drops were much more moderate than losses in the previous session, suggesting investors were starting to bargain-hunt on dips.
The main Saudi index slipped 0.6 percent in the opening minutes, after tumbling 6.9 percent on Sunday. Some beaten-down blue chips such as miner Ma'aden rose; Ma'aden gained 1.8 percent.
However petrochemical firm Saudi Basic Industries, its earnings directly sensitive to falling oil prices, lost a further 1.8 percent."
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