JEDDAH: Most Gulf markets fell on Wednesday in modest turnover because of weak oil prices and global market instability due to the Greek crisis and China’s equities crash.

The Saudi stock index slipped 0.3 percent to 9,058 points as Saudi Basic Industries Corp. lost 0.8 percent.

Samba Financial Group fell 0.7 percent after its board recommended a SR0.45 per share dividend for the first half of 2015. That was lower than the SR0.65 which the bank said it would pay for the corresponding period of 2014. But Al-Rajhi Bank, the second-largest lender, jumped 1.9 percent ahead of the release of its second-quarter earnings after the close.

The Dubai stock index slid 1.4 percent 1.4 percent to 3,987 points. Construction firm Arabtec dropped 2.8 percent after saying its group chief financial officer, human resources officer and general counsel had resigned, the latest in a series of management upheavals at the company since June last year.

Abu Dhabi’s index edged down 0.7 percent to 4,692 points as Aldar Properties dropped 3.7 percent. Qatar’s market fell 1.3 percent as Industries Qatar, another big petrochemical producer, lost 2.2 percent.

Meanwhile, the bear run on Egypt's stock market continued as property developer Emaar Misr slid further in the wake of its listing, while weak oil prices weighed on the Gulf.