nov 15 reuters  major gulf stock markets fell in early trade on tuesday extending losses from the previous session as oil prices slid crude prices  a key catalyst for the regions financial markets  dropped as rising covid19 cases in china sparked fears of lower fuel consumption from the worlds top crude oil importer and after opec cut its 2022 global demand forecast the opec forecast cut came after the international monetary fund said on sunday that the global economic outlook has become gloomier than projected last month citing a steady worsening in recent purchasing manager surveys saudi arabias benchmark index tasi fell 06 hit by a 14 drop in retal urban development co 4322se and a 12 fall in oil giant saudi aramco 2222se south koreas soil corp 010950ks in which the largest shareholder is aramco is considering an investment of up to 8 trillion won 61 billion in new petrochemical production in the country the korea economic daily reported dubais main share index dfmgi dropped 1 weighed down by a 25 slide in bluechip developer emaar properties emardu despite it having reported a forecastbeating 46 rise in third quarter net profit the previous day emirates reit reitdi has again proposed to its bondholders a refinancing of a 400 million sukuk due next month and an ad hoc group of investors who last year opposed a proposed exchange offer said it would support it in abu dhabi the index ftfadgi fell 08 hit by a 15 drop in the countrys biggest lender first abu dhabi bank fabad diversified investment firm aram group aramad also plunged 94 after it turned to quarterly losses the qatari index qsi retreated 12 as all stocks bar one sat in negative territory including qatar islamic bank qisbqa which was down 11 reporting by ateeq shariff in bengaluru editing by kirsten donovan