Ammon News - Major stock markets in the Gulf were mixed in early trade on Tuesday as investors remain wary of the geopolitical situation in the region.

Saudi Arabia's benchmark index (.TASI), opens new tab eased 0.3%, with aluminium products manufacturer Al Taiseer Group (4143.SE), opens new tab losing 1.7% and the country's top lender Saudi National Bank (1180.SE), opens new tab was down 1.5%.

In Abu Dhabi, the index (.FTFADGI), opens new tab lost 0.1%.

Oil prices - a catalyst for the Gulf's financial markets - were little changed after falling in the previous session as a U.S. plan to buy oil for the Strategic Petroleum Reserve provided some support, though wider concerns about weaker future demand growth exerted pressure.

Dubai's main share index (.DFMGI), opens new tab gained 0.7%, led by a 0.9% rise in toll operator Salik (SALIK.DU), opens new tab and a 2.9% jump in budget airliner Air Arabia (AIRA.DU), opens new tab.

Among other gainers, telecom firm Emirates Integrated Telecommunications (DU.DU), opens new tab advanced 2.4%, after reporting a steep rise in third-quarter profit.
The Qatari index (.QSI), opens new tab edged 0.1% higher, helped by a 0.7% increase in Qatar Islamic Bank (QISB.QA)


Reuters