Qatar’s QE Index slumped 1.8 percent, the most since May 25, to 8,121.64 at the 12:30 p.m. close in Doha. Kuwait’s gauge dropped 0.7 percent and Dubai’s measure retreated 1.2 percent. Saudi Arabia’s Tadawul All Share Index lost 1.1 percent.
The following stocks gained or fell in the Gulf. Symbols are in parentheses.
Industries Qatar (IQCD QD) dropped the most since May 25, tumbling 3.3 percent to 126.7 riyals. Crude for January delivery retreated as much as 1.7 percent to $80.35 a barrel on the New York Mercantile Exchange. Industries Qatar is the second-biggest petrochemicals maker in the Middle East. Saudi Basic Industries Corp. (SABIC AB), the region’s biggest petrochemicals maker, declined 2 percent to 98.75 riyals, the lowest level since Nov. 3.
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