UPDATE 2-MIDEAST STOCKS-Saudi Arabia down, Egypt firms as oil slides | Reuters:
"Saudi Arabia's stock market fell in early trade on Thursday after oil prices tumbled, while Egypt edged up as investors made bets ahead of fourth-quarter earnings reports.
Brent oil traded below $59 per barrel as U.S. crude inventories were expected to hit record highs, while analysts said a possible rise in Saudi Arabia's output could stoke oversupply built up in the past few months.
The main Saudi stock index fell 1.3 percent as Saudi Basic Industries, the kingdom's top petrochemicals producer, dropped 3.6 percent."
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