MIDEAST STOCKS-Gulf markets stabilise, Egypt rebounds | Reuters:
"Gulf stock markets stabilised on Monday after registering heavy losses the previous few days, but the mood remained nervous after Brent oil briefly slumped below $28 a barrel to its lowest level since 2003.
The Saudi benchmark, which had tumbled 5.4 percent on Sunday, flip-flopped between positive and negative territory before closing 0.1 percent higher.
Saudi Basic Industries Corp, the kingdom's largest company by market value, fell as low as 60.00 riyals after reporting a 29.4 percent drop in fourth-quarter net profit caused by lower prices for its products, missing analysts' forecasts. But it came off its low to close at 63.00 riyals, a 3.5 percent decline."
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