Mideast Stocks - Gulf falls as oil slips on Trump comment; Saudi down marginally | ZAWYA MENA Edition:
Gulf stock markets generally fell early on Tuesday, with Saudi Arabia marginally lower and Dubai and Qatar declining by bigger margins, after comments by U.S. President Donald Trump on OPEC's planned supply cut drove oil prices lower.
Brent oil LCOc1 hovered near multi-month lows under $70 a barrel following a decline for a record 11th consecutive session amid softening demand, and after Trump said he hoped there would be no oil output reductions.
The Saudi stock index was down 0.2 percent after 75 minutes. Saudi Basic Industries fell 0.5 percent while Al-Rajhi Bank and National Commercial Bank were flat.
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