MIDEAST STOCKS-Gulf markets stabilise after plunging on Syria | Reuters:
"* Retail selling fades as burst of margin calls eases
* Dubai fell 7.5 pct in early trade, ends down only 1.3 pct
* Syria escalation might have little real impact on Gulf
* Saudi Arabia rises as petrochemical shares gain
* Egypt triggers bearish head and shoulders pattern
By Andrew Torchia
DUBAI, Aug 28 (Reuters) - Gulf stock markets stabilised by the close on Wednesday after plunging in early trade on the prospect of an escalation of Syria's civil war, as the United States threatened a military strike on Damascus over the use of chemical weapons.
Stocks had also tumbled on Tuesday and selling resumed on Wednesday morning as local retail investors, who have dominated trade in recent weeks, scrambled to lock in some of the large gains posted this year. Margin calls caused selling to snowball.
But by Wednesday afternoon, the pressure from margin calls had eased and some investors were starting to buy back shares."
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