MIDEAST STOCKS-Gulf markets soft, some local retail traders cash out | Reuters:
"Most Gulf stock markets were soft in early trade on Tuesday as global bourses remained subdued and some local retail investors continued to cash out.
Dubai's index was down 0.2 percent after an hour of trade, after a 1.6 percent decline on Monday. Air Arabia fell 2.2 percent, on concern that the carrier's business could suffer as Saudi Arabia cut flights and commercial links with Iran.
Concern about the pace of global economic growth is a bigger factor than geopolitical tensions for the markets. Dubai blue chip Emaar Properties fell 0.7 percent, heading for its fifth straight session of declines.
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