traders look at the screens at bahrain bourse in manama bahrain february 7 2018 reutershamad i mohammed oct 27 reuters  major stock markets in the gulf traded in a narrow range in early trade on wednesday as oil prices fell with the saudi index on course to extend losses from the previous session brent oil futures fell 94 cents or 11 to 8546 a barrel by 0654 gmt after industry data showed crude oil stockpiles rose more than expected and fuel inventories unexpectedly increased last week in the united states the worlds largest oil consumer saudi arabias benchmark index tasi fell 04 weighed down by 99 slide in rabigh refining and petrochemical company 2380se after the petrochemical firm on tuesday posted a sharp decrease sequentially in earnings among other losers sabic agrinutrients co 2020se fell 25 while saudi arabian mining co maaden 1211se declined 05 after the chief executive officer of the gulfs largest miner said on tuesday that a board meeting in december will weigh whether it will pay out its first ever dividend bucking the trend oil behemoth saudi aramco 2222se traded 11 higher on signing of five memorandum of understandings as part of an initiative to tackle greenhouse gas emissions the abu dhabi index adi eased 01 hit by a 09 fall in the united arab emirates largest lender first abu dhabi bank fabad ahead of its earnings on the other hand fertiglobe fertiglobead a joint venture between abu dhabi national oil company and chemicals producer oci ocias rose 21 above its listing price of 255 dirhams in its market debut read more fertiglobe shareholders sold a 138 stake in the initial public offering raising around 795 million dubais main share index dfmgi added 02 with dubai islamic bank disbdu advancing 12 as the shariacompliant lender reported a rise in its quarterly net profit the qatari benchmark qsi rose 04 driven by a 09 gain in qatar national bank qnbkqa and a 04 increase in petrochemical maker industries qatar iqcdqa reporting by ateeq shariff in bengaluru editing by rashmi aich