MIDEAST STOCKS-Saudi choppy in early trade; Egypt rebounds | Reuters:
"Saudi Arabia's stock market was choppy in early trade on Monday as investors were split between bargain buyers and nervous sellers after volatile oil prices slumped below $28, while Egypt's bourse rebounded as traders bought on dips.
Saudi Basic Industries Corp (SABIC), the kingdom's largest company by market value, plunged 6.1 percent.
The petrochemical producer reported a 29.4 percent drop in fourth-quarter net profit on Sunday due to lower prices for its products, missing analyst forecasts."
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