DUBAI: Saudi Arabia's stock market fell on Thursday after oil prices slipped again, as real estate developers boosted the Dubai and Egyptian bourses.

Brent crude tumbled nearly 4 percent overnight, to back below $50 a barrel. This undermined petrochemical stocks including Saudi Basic Industries Corp., which lost 1.5 percent.

Saudi International Petrochemical Co. (Sipchem) dropped 2.9 percent after saying it might not pay a dividend for the second half of 2015, despite seeing results from a restructuring intended to cope with cheap oil.

The Tadawul All-Share Index fell 1.1 percent to 6,961 points, near technical support at the August low of 6,921 points.

Saudi Printing and Packaging Co., a focus of the market as it soared 59 percent over the past five trading days, showed signs of peaking. It rose in early trade but heavy selling pushed it down 10 percent by the close.

Other Gulf markets performed better. Dubai's index rose 0.7 percent as real estate blue chips climbed 2.2 percent, though trade was thin.

Abu Dhabi's index was almost flat while Qatar dropped 0.6 percent, as petrochemical maker Industries Qatar slid 1.6 percent.

Egypt's index rose 1.2 percent as real estate developer Talaat Mostafa surged 5.9 percent and Palm Hills Development added 6.1 percent.

Ezz Steel gained 2.0 percent despite saying its net loss in its second quarter widened to 291.63 million Egyptian pounds ($36.3 million) from 162.7 million pounds in the same period last year.