MIDEAST STOCKS-Saudi Arabia edges up, Egypt slips
 

(Updates with Saudi Arabia, Egypt open) DUBAI, Feb 9 (Reuters) - Saudi Arabia's market rose in early trade on Monday, although at a slower pace than in the previous session when oil was rallying, while Egypt pulled back after performing very well in the last few weeks. Saudi Arabia's stock index rose 0.4 percent and shares in Saudi Kayan Petrochemical Co jumped 2.6 percent. The stock had surged its daily 10 percent limit on Sunday after the kingdom's oil ministry allocated more natural gas to Saudi Kayan for it to expand ethylene production at its petrochemical complex in Jubail. Meanwhile, Saudi Kayan's larger affiliate Saudi Basic Industries was up 0.1 percent on Monday morning, after briefly moving into negative territory as oil prices edged down in response to weak foreign trade data from China.

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