Most Gulf stock markets ended lower on Tuesday, weighed down by oil prices and weaker-than-expected corporate earnings, while the Abu Dhabi index recouped early losses.
Oil prices - a key contributor to the Gulf's economies - slid more than 1% after the U.S. government said it would release more crude from its Strategic Petroleum Reserve.
Brent crude futures fell $1.06, or 1.22%, to $85.56 a barrel by 1152 GMT.
Dubai's benchmark stock index (.DFMGI) settled 0.3% lower to snap nine sessions of rally, dragged down by losses in utilities, industry and communication sectors.
Air Arabia (AIRA.DU) tumbled 3.4%, its worst day since early May, after the low cost-carrier posted a 24% decrease in its fourth-quarter net profit.
The Abu Dhabi index (.FTFADGI) edged up 0.1%, helped by a 0.25% rise in Conglomerate International Holding Co (IHC.AD) ahead of reporting annual earnings later in the day.
After trading hours, Conglomerate reported 175% growth in full-year net profit to 31.86 billion dirhams ($8.68 billion).
Saudi Arabia's benchmark stock index (.TASI) eased 0.2%, dragged down by losses in financial and health care sectors.
Arab National Bank (1080.SE) slipped 3.2% after the lender missed market estimates of 3.20 billion riyals for full-year profit. It reported net profit of 3.07 billion riyals, a 41% from 2021.
Outside the Gulf , Egypt's blue-chip index (.EGX30) rose 1.3%, boosted by a 7.7% surge in Juhayna Food Industries (JUFO.CA) after the firm appointed Seif El-Din Safwan Thabet as vice-chairman and CEO.
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