DUBAI, June 8 (Reuters) - Saudi Arabia's stock market slipped in early trade on Monday after oil prices fell on weak Chinese imports, while Egypt's bourse was slightly positive.
Oil prices fell on Monday after China's fuel imports dropped sharply and as markets digested an OPEC decision to keep its production target unchanged, a move analysts said would keep the market oversupplied for the rest of the year.
China, the world's biggest net oil importer, bought nearly a quarter less crude in May than it did in the previous month, official data showed. China's imports of oil products also fell by more than 6 percent while oil product exports fell 10 percent.
The main Saudi index
Makkah Construction And Development Co
Egypt's market
Bot most other stocks were negative and steelmaker Ezz Steel
(Reporting by Olzhas Auyezov) ((olzhas.auyezov@thomsonreuters.com; +971 56 225 4871; Reuters Messaging: olzhas.auyezov.thomsonreuters.com@reuters.net))
Keywords: MARKETS STOCKS/SAUDI EGYPT