MIDEAST STOCKS-Saudi, Egypt edge up as oil rebounds; other Gulf mkts slip | Reuters:
"Bourses in Saudi Arabia and Egypt recovered earlier losses and edged higher on Tuesday as crude prices bounced back, while other major Gulf stock markets slid.
Brent climbed 82 cents over $30 a barrel at 1218 GMT on Tuesday, lifted by hopes that OPEC and non-OPEC producers may be edging closer to a deal to tackle one of the biggest supply gluts in decades.
Traders and managers in the region believe that if Brent prices break below $30 - the new psychological barrier most investors are eyeing - then bourses will remain vulnerable to further declines."
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