A Saudi man stands on an escalator at the Tadawul Saudi Stock Exchange, in Riyadh, Saudi Arabia, Monday, June 15, 2015. (AP Photo/Hasan Jamali)
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Major Middle East stock markets plunged Tuesday after tumbling Chinese equities put pressure on global oil and commodity prices.Saudi Arabia's main stock index fell 2.9 percent to a seven-month closing low of 8,197 points.The index fell this week below technical support around 8,500 points, where it had bottomed in March and April. Dallah Healthcare added 0.6 percent, Saudi Pharmaceutical Industries rose 0.4 percent and Mouwasat Medical Services rose 0.2 percent.Dubai's index dropped 2.5 percent to a four-month low of 3,828 points, falling below technical support at its May low of 3,913 points.Egypt's leading index dropped 2.6 percent to 7,398 points, its lowest close since February 2014, falling below chart support at its July low of 7,527 points.
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