UPDATE 2-MIDEAST STOCKS-Saudi Arabia edges up on Ma'aden; Egypt slips | Reuters:
"Saudi Arabian Mining Co (Ma'aden) lifted the kingdom's bourse in early trade on Monday, while Egypt's market slipped after a rally but stayed well above a technical support level.
The main Saudi index inched up 0.3 percent as Ma'aden jumped 3.4 percent to 45.30 riyals after Al Rajhi Capital raised the stock's target price to 52.00 riyals from 41.00 riyals, citing its growing output and an improving business outlook.
Ma'aden said this month that its massive smelter run jointly with U.S. group Alcoa, which had experienced several technical glitches on start-up, would produce above its initial capacity target this year."
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