MIDEAST STOCKS-Saudi Arabia slips on weaker oil, PMI; Egypt extends rally

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(Updates with Saudi Arabia, Egypt open) DUBAI, June 3 (Reuters) - Saudi Arabia's stock market slipped in early trade on Wednesday, tracking oil prices, while Egypt's bourse extended its rally after data showed a slight improvement in the outlook for business activity. The main Saudi index edged down 0.2 percent and heavyweight petrochemicals firm Saudi Basic Industries lost just as much. Oil shipper Bahri dropped 2.2 percent after the stock exchange said on Tuesday it was one of five local companies in which foreigners would **t be able to buy shares when the market opens to direct foreign investment this month.

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