Most Gulf markets edged higher as investors gave a muted response to overnight gains on US exchanges and upbeat Asian trade as major benchmarks hit 2-3 month highs. Saudi Arabia benchmark Tadawul All Share Index (TASI) fell 0.49 percent to 6,301.35 points. Saudi Basic Industries Corp fell 1.1 percent, having hit a three-week high in early trade. “Petrochemical Q2 numbers weren't great and people are still worried about what the next few months hold in terms of the global economic climate,” said a Riyadh-based analyst. Etihad Etisalat dropped 2.3 percent on ban on BlackBerry services. Zain Saudi Arabia and STC slid 0.6 and 0.3 percent respectively. “The BlackBerry issue has hurt telecoms stocks over the past couple of days, because a ban on services will affect revenues,” said the analyst. Abu Dhabi index ended flat at 2,537 points. Dubai measure rose 1.2 percent to 1,528 points. Oman index .MSI climbed 0.3 percent to 6,349 points. Qatar index rose 1 percent to 7,104 points. Kuwait measure climbed 0.2 percent to 6,638 points. Bahrain index rose 0.1 percent to 1,397 points.
