Most Gulf stock markets dropped on Tuesday as investors booked profits. Petrochemical shares were the main losers on Saudi Arabia's index which fell 1.35 percent to 6,363.55 points, Tadawul site said. Saudi Basic Industries Corp (SABIC) was the top loser among bluechips, closing down 3.4 percent. Saudi Kayan Petrochemical Company fell 2.9 percent and Yansab an affiliate of SABIC, dropped 2.8 percent. Dubai's benchmark declined for the first session in four, led by heavyweight Emaar Properties which fell 3 percent. Investment bank Shuaa Capital fell 6.5 percent. Telecoms operator du was the only stock that ended in positive territory after raising $272 million in a rights issue. The stock rose 0.9 percent. Dubai's benchmark dropped 1.4 percent to 1,542 points. Investor sentiment was also hurt by an announcement from index provider MSCI, maintaining United Arab Emirates and Qatar stock markets as frontier markets in its 2010 annual market classification review. In Abu Dhabi, investment firm Aabar (was the most volatile stock, falling more than 5 percent earlier in the day and closing up 2.4 percent after a late rally. Qatar's benchmark fell 0.5 percent, while Kuwait's index bucked the trend and rose 0.4 percent.
