Gulf markets were mixed on Tuesday as investors failed to find catalysts to justify taking the market higher, while Saudi Arabia's bourse made marginal gains as it traded in a sideways pattern.
Saudi Arabia's bourse gained 0.2 percent, finishing higher for a second session in the last eight. Insurance stocks
rallied, with the sector's index up 1.4 percent, a sign that investors are targeting smaller companies which they can move easily for quick returns.
Petrochemicals stocks also supported gains, with bellwether Saudi Basic Industries Corp (SABIC) up 0.8 percent and Saudi Arabian Fertilizers rising 1.1 percent.
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