DUBAI, Dec 11 (Reuters) - Stock markets in the Gulf look set to consolidate on Sunday with few fresh factors to stimulate buying and activity thinned by public holidays in some countries.

Bourses in the United Arab Emirates, Bahrain and Egypt are shut to mark the birthday of Prophet Mohammed, and this may limit foreign fund flows in the other markets.

After a spectacular rally on the back of easing banking system liquidity and the recovery in oil prices, Saudi Arabia's index .TASI has been showing technical signs of losing steam, with 14-day momentum trending down. Many fund managers think Saudi petrochemical shares have now largely factored in oil's recovery and are fairly valued.

Global markets ended last week on a firm note, with Wall Street closing higher and Brent crude oil LCOc1 up 0.7 percent at $54.29 a barrel.

(Reporting by Andrew Torchia) ((andrew.torchia@thomsonreuters.com)(+9715 6681 7277)(Reuters Messaging: andrew.torchia.thomsonreuters.com@reuters.net))