Gulf markets extended losses for a second day as lower oil prices and retreating global stocks curbed investors' appetite across the region on Wednesday. The Saudi stock market's Tadawul All-Share Index (TASI) declined 1.4 percent to 6,441.6 points. All sectors finished lower, led by hotel & tourism which declined 2.33 percent. Kingdom Holding gained 1.96 percent, but it was one of just eight stocks that finished higher, compared to 121 that declined. In Dubai, the benchmark retreated 1.4 percent to 2,286 points. Abu Dhabi's index slipped 1.5 percent to 3,097 points. Muscat's benchmark retreated 0.4 percent to 6,462 points. In Qatar, the index slipped 0.1 percent to 7,305 points. Bahrain's index declines 0.3 percent to 1,535 points. Kuwait's measure fell 0.6 percent to 7,434 points. World stocks slipped and the dollar rebounded on Wednesday as disappointing data on the US housing market raised worries about global growth, driving investors to less risky assets. The Dow Jones Industrial Average lost 119.48 points (1.21 percent) to finish at 9,762.69. The tech-heavy Nasdaq shed 56.48 points (2.67 percent) to 2,059.61 and the broad-market Standard & Poor's 500 index retreated 20.78 points (1.95 percent) to 1,042.63.
