Stock markets in the Middle East ended mixed on Tuesday, with a retreat in oil prices weighing on energy-heavy indexes, but the easing of geopolitical tensions helping other markets, with while Dubai's main index marking its best day in 10 sessions.
Brent crude was off Monday's seven-year high at $94, trading at $90.67 by 1110 GMT, ahead of the resumption of indirect talks between the United States and Iran, which may revive a nuclear agreement that could eventually allow more oil exports from the OPEC producer.
Dubai's main share index (.DFMGI) ended 0.77% higher, in its biggest daily percentage gain since Jan 28.
In Abu Dhabi, the index (.FTFADGI) closed up 0.5% in its third straight session of gains, with the country's largest lender First Abu Dhabi Bank (FAB.AD) climbing 0.6%.
Abu Dhabi's AD Ports Group (ADPORTS.AD) opened at 3.5 dirhams a share in its debut on the Abu Dhabi Securities Exchange on Tuesday. Shares closed up 3.4%. read more
Shares of IHC , which bought a 7.4% stake in Abu Dhabi Ports for 1.2 million dirhams, rose 1.5%.
Saudi Arabia's benchmark index (.TASI) fell 0.2%, with financial and materials weighing on sentiment.
Shares of retailer Fawaz Abdulaziz Alhokair (4240.SE) ended 0.5% higher, having gained as much as 3.5%, after the company posted a quarterly profit on Monday.
Outside the Gulf, Egypt's blue-chip index (.EGX30) dropped 0.2% in its second straight session of losses.
Fawry for Banking Technology and Electronic Payment SAE and Madinet Nasr for Housing and Development SAE (MNHD.CA) were the top percentage losers on the index.
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