MIDEAST STOCKS-Gulf mixed; Air Arabia rises after earnings beat | Reuters:
"Shares in the Gulf were mixed in early trade on Monday as some investors cashed out of stocks that had recently risen, while Dubai-listed Air Arabia rose after a quarterly earnings beat.
Riyadh's index was flat in the first 40 minutes of trade. The food and agriculture index lagged other sectors, with heavyweight Savola Group dropping 1.0 percent.
But petrochemical shares were firm as Brent oil prices stabilised over $45 a barrel in early Asian trade; Saudi Basic Industries edged up 0.6 percent."
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