BUZZ-Saudi Electricity falls on weak Q2 earnings

July 20 (Reuters) - ** Shares in Saudi Electricity Co (SEC) fall 1.5 percent to 19.60 riyals ** Gulf's largest utility firm reported 27.7 percent drop in second-quarter net profit to 1.43 billion riyals ($381.3 million) ** Analysts at NCB Capital had forecast SEC would make net profit of 2.35 billion riyals ** SEC cited higher cost of fuel and depreciation of assets, without elaborating; 2016 Saudi state budget contained hikes in fuel and electricity prices. SEC had previously said budget steps