MIDEAST STOCKS-Most Gulf markets fall after oil tumbles | Reuters:
"Most major Gulf stock markets fell on Tuesday after Brent oil tumbled 5 percent, briefly falling below $50 per barrel, although some supportive economic and corporate news softened the blow.
Saudi Arabia's main index edged down 0.6 percent as petrochemicals giant Saudi Basic Industries slipped 1.4 percent. The firm's profits are sensitive to oil prices, which plunged on Monday although Brent regained a little ground on Tuesday to trade just above $50.
Most other petrochemicals companies also fell and the sector's index was down 1.0 percent."
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