MIDEAST STOCKS-Most Gulf markets edge down after oil falls | Reuters

MIDEAST STOCKS-Most Gulf markets edge down after oil falls | Reuters:



"Most Gulf stock markets edged down early on Monday after oil prices fell again on concern about Japan's economy and a growing rig count in the United States, but Dubai rose slightly, bouncing off technical support.



Dubai's index edged up 0.4 percent after hitting an intra-day low of 3,911 points, close to chart support at its May low of 3,913 points.



Builder Arabtec rose 2.8 percent after tumbling 5.4 percent in the previous session on poor second-quarter results. The firm posted its third quarterly loss in a row, while analysts had expected a profit."



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