DUBAI: Saudi Arabia's stock market fell sharply on Tuesday after data pointed to an economic slowdown due to low oil prices.

Other major Middle Eastern markets fared better, with second-tier stocks favoured by speculators lifting Dubai.

The Tadawul All-Share Index sank 1.6 percent on Tuesday to 6,955 points, near technical support at its August low of 6,921 points. Turnover rose as the market dropped, a negative technical sign.

Petrochemical blue chip Saudi Basic Industries Corp. slid 2.7 percent and industrial zone developer Emaar Economic City dropped by the same amount.

Kingdom Holding fell 2.3 percent after saying it expected no financial impact from its sale of a 29.9 percent stake in media firm Saudi Research and Marketing Group (SRMG). SRMG shares climbed 9.9 percent after a 7.2 percent gain on Monday.