MIDEAST STOCKS-Gulf markets dither early on, Aramco weighs on Saudi | Nasdaq:
Major Gulf stock markets moved sideways early on Tuesday, with financials and energy stocks weighing on Saudi Arabia and real estate shares underpinning Dubai's index.
Saudi's benchmark index .TASI dropped 0.4% with state-owned Saudi Aramco 2222.SE shedding 0.6% and Al Rajhi Bank 1120.SE losing 0.3%.
On Sunday, Al Rajhi Capital Research rated Aramco "neutral", in line with most other brokerages, and set a target price of 37.5 riyals per share.
The International Monetary Fund trimmed its forecast for Saudi Arabia's economic growth to 1.9% this year due to oil output cuts agreed with oil exporters, having previously forecast the kingdom's gross domestic product would grow 2.2%.
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