MIDEAST STOCKS-Gulf weakens in early trade; Saudi's Savola slumps | Reuters:
"Stock markets in the Gulf edged down in early trade on Wednesday with Saudi Arabia's blue-chip food and telecommunications shares selling off after posting mixed earnings.
Riyadh's main index was down 0.1 percent in the first hour of trade.
Savola Group slumped 7.8 percent to 38.80 riyals after the largest food company in the Gulf reported an 80.3 percent drop in first-quarter net profit, missing analysts' forecasts."
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