MIDEAST STOCKS-Gulf mkts little moved as retail investors dominate; Qatar drops | Reuters:
"Gulf markets were little moved on Tuesday as retail investors bet on small-cap stocks in thin cues ahead of third-quarter earnings, while Qatar's bourse dropped as news emerged that a state-run energy firm planned to list its unit.
Saudi Arabia's measure resumed trading after a two-session hiatus due to a national holiday. The index eased 0.3 percent after trading flat most of the session; an indication investors have little direction.
It held above the psychologically important level of 8,000 points and is up 17.7 percent year-to-date but analysts say it will need strong quarterly earnings to justify breaking above the August intraday peak of 8,223 points.
"We don't expect to see big surprises in Saudi's third quarter results," said Sleiman Aboulhosn, investment analysts at ING Investments. "Overall, results should be good but I doubt they'll be good enough to fuel the rally higher, especially with geopolitical threats in the background. We might see some more consolidation over the next few weeks.""
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