MIDEAST STOCKS-Most Gulf markets fall as oil drops; foreigners buy in Egypt | Reuters:
"Shares fell on most Gulf stock markets on Wednesday after oil prices dropped overnight, but Egyptian stocks rose, with foreigners the net buyers by a considerable margin.
Saudi Arabia's index dropped 0.7 percent to 5,833 points, testing minor technical support at the early February low of 5,834 points. Another close below that support would confirm a break, triggering a minor double top formed by the end-January and February highs and targeting about 5,600 points.
Most petrochemical shares held up relatively well, with Saudi Basic Industries climbing 0.4 percent, but many second- and third-tier stocks were sold by local investors.
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