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Stock markets in Saudi Arabia and Dubai pulled back Wednesday as oil prices fell after strong gains earlier in the week, while technicals and dividend bets supported other Gulf bourses.Saudi Arabia's equities index edged down 0.6 percent to 9,169 points as most stocks pulled back, including some petrochemicals such as Yanbu National Petrochemical Co. and National Industrialization Co. (Tasnee), down 2.9 and 1.5 percent respectively.Dubai's index, which had also rallied along with oil this week, fell 1.1 percent as Dubai Islamic Bank slid 1.7 percent and Dubai Investments dropped 2.7 percent.It started recovering this week after the firm's subsidiary DAMAC Real Estate Development Ltd. reported a 46-percent surge in 2014 profit; the stock has now recouped most of its losses.Shares in the company, which had not paid cash dividends since 2008, also surged 10 percent.
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