Mideast Stocks: Most Gulf markets slip on emerging market woes; energy lifts Qatar | ZAWYA MENA Edition:
Most Middle Eastern stock markets slipped on Tuesday as emerging markets slumped globally, although Abu Dhabi and Qatar rose marginally, boosted by banks and energy stocks.
The Saudi Arabian index reversed early gains to end 0.7 percent lower, weighed down by banks and petrochemicals. Most petrochemical stocks had risen in morning trade after Brent oil prices hit their highest in four years.
Eight of 14 petrochemical stocks closed lower with the biggest, Saudi Basic Industries, falling 0.2 percent.
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