MIDEAST STOCKS-Reforms fail to lift Saudi market, Gulf dips | Reuters:
"Gulf stock markets fell back on Tuesday because of lower oil prices and a lack of positive drivers, while Saudi Arabia's bourse failed to get an immediate boost from reforms designed to stimulate trading and draw fresh foreign money.
Brent crude futures fell about 1 percent on Tuesday after a 3 percent drop on Monday, encouraging Gulf investors to take profits on stock market gains made over the past several weeks.
The Saudi index fell 1.2 percent as petrochemical blue chip Saudi Basic Industries lost 2.4 percent."
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