MIDEAST STOCKS-Saudi up despite lower oil, Egypt edges lower | Reuters:
"Investors in Saudi Arabia's stock market shrugged off further losses in oil prices in early trade on Monday, while Egypt's bourse edged lower.
Riyadh's index recouped most of the prior session's losses in the first 75 minutes of trade, as local retail investors bought back speculative stocks which were dumped on Sunday. The insurance sub index jumped 2.2 percent after tumbling 3.5 percent on Sunday.
Almarai, the largest dairy producer in the Gulf, added 0.5 percent. The company said shareholders had approved a capital increase for the company through an issue of bonus shares."
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