Mideast Stocks: Gulf falls as Trump comment trips up oil; Dubai and Qatar sharply lower | ZAWYA MENA Edition:
Most Gulf stock markets fell on Tuesday, with Saudi Arabia marginally lower and Dubai and Qatar sharply down, after oil prices retreated on comments by U.S. President Donald Trump pressuring OPEC not to go ahead with a supply cut.
Brent oil 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.
Saudi Arabia's main index was down 0.3 percent. Saudi Basic Industries lost 0.8 percent, and Al-Rajhi Bank fell 0.7 percent.
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