UPDATE 2-MIDEAST STOCKS-Saudi Arabia gains as oil firms; Egypt slips | Reuters:
"Saudi Arabia's stock market rose in early trade on Tuesday as oil prices resumed their rally, while Egypt edged down after major industrial player Ezz Steel reported disappointing earnings.
Brent crude traded near $62 per barrel on Tuesday as the International Energy Agency warned of supply risks in the Middle East, although some analysts said that prices had risen too far from six-year lows hit in January.
The main Saudi stock index rose 0.9 percent, partly because of petrochemical companies, which are set to benefit from oil's rebound. Saudi Basic Industries, the biggest player in the sector, edged up 0.6 percent."
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