Gulf markets are steady on Tuesday, shrugging off concerns from Iran's oil ban, but Qatar dips for a sixth-straight session.      

Doha's index slips 0.2 percent to 8,395 points as banks extend declines after proposed dividends disappointed investors.     

Doha Bank falls 1.6 percent, Qatar Islamic Bank sheds 0.4 percent and Masraf Al Rayan  declines 0.3 percent.     

"We were expecting a small reversal in order for the funds to flow to places where there is more value," says a Doha-based trader who asked not to be identified. "Foreign investors are selective on the specific markets and I believe with almost 500 points down from the beginning of the year, Qatar is looking very attractive."     

Elsewhere, Dubai's Emaar Properties and Commercial Bank of Dubai gain 1.6 and 2.8 percent respectively.     

The emirate's index rises 0.7 percent to 1,349 points, up for a third straight session as investors fish from the bottom.     

Oman's National Bank of Oman ticks up 0.3 percent after the lender's fourth-quarter net profit rose 25.5 percent but results missed analysts' forecasts.      

Muscat's index eases 0.08 percent to 5,593 points.      

Abu Dhabi's property stocks jump with Aldar Properties up 6 percent and Sorouh Real Estate up 5.3 percent. The index is near flat, edging up 0.07 percent to 2,354 points.      

The European Union agreed to ban Iran oil and some Iranians warned they might strike U.S. targets worldwide if Washington used force to break any Iranian blockade of the strategically-vital shipping route, Strait of Hormuz. – Reuters