MIDEAST STOCKS-Weak oil weighs on Gulf mkts; Q4 hopes support Egypt | Reuters:
"Most Gulf stock markets slumped on Tuesday as oil extended its slide, while Egypt stabilised after a profit-taking bout.
Brent crude fell towards $53 per barrel to trade at its lowest level since early February as concerns mountedover a growing supply glut.
Saudi Arabia's stock index dropped 1.4 percent as petrochemicals giant Saudi Basic Industries (SABIC) slid 4.1 percent to 87.25 riyals in heavy trade. The stock came under strong selling pressure after falling below 90 riyals; it had traded above that mark since the start of February."
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