MIDEAST STOCKS-Saudi slips in early trade on profit-taking | Reuters:
"Saudi Arabia's stock market slid in early trade on Monday as investors booked profits in the petrochemical sector.
Riyadh's index fell 0.2 percent in the first hour of trade, erasing Sunday's gains; blue chip Saudi Basic Industries slipped 0.3 percent and Saudi Kayan dropped 1.9 percent.
Sectors seen as relatively immune to a global or local economic downturn showed some resilience, however, with Savola Group, the largest food producer in the Gulf, adding 0.2 percent to 41.60 riyals."
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