april 5 reuters  most stock markets in the gulf ended lower on wednesday in line with global shares as signs that the economic outlook is weakening spurred caution mscis world equity index miwd00000pus pulled further away from tuesdays almost sevenweek highs while asia trade was thinned by holidays in hong kong and china weak us economic data this week has exacerbated recession worries taking the edge off recent stock market gains saudi arabias benchmark index tasi dropped 03 hit by a 52 fall in dr sulaiman alhabib medical services 4013se while arabian centres co 4321se retreated 43 as the mall operator went exdividend in the previous two sessions the saudi index posted sharp gains after a surprise announcement by opec to further cut oil production the surprise cuts to the opec groups output targets could push oil prices towards 100 a barrel setting the scene for another clash with the west which is grappling with higher interest rates to tame inflation analysts and traders said on monday the saudi market is at some risk of price corrections after its recent strong increases as traders move to secure their gains said daniel takieddine ceo mena at bdswiss at the same time the market continues to see strong fundamentals as shown by the improved credit rating which could help push sentiment and prices up he said referring to an upgrade on wednesday of saudi arabias credit rating from ratings agency fitch to a from a dubais main share index dfmgi declined 07 weighed down by a 08 decrease in dubai electricity and water dewaadu the qatari index qsi lost 04 ending two sessions of gains according to takieddine the qatari bourse remained under pressure as natural gas prices failed to recover from multimonth lows egypts net foreign reserves rose slightly to 34447 billion in march from 34352 billion in february the central bank said on wednesday