Most stock markets in the Gulf were up in early trade on Tuesday, amid rising oil prices as geopolitical tensions in the Middle East continued to spur concern, while outlook for weaker demand weighed on gains.
Oil price - a catalyst for the Gulf's financial markets- rose 0.5% to $82.6 a barrel by 0735 GMT.
Airstrikes attributed to a U.S.-British coalition hit port cities and small towns in western Yemen on Monday, while the Houthis said on Tuesday they had targeted what was described as the "U.S. ship Pinocchio" in the Red Sea with missiles.
The Qatari benchmark index (.QSI), opens new tab was up 0.2%, supported by gains in almost all sectors with Industries Qatar (IQCD.QA), opens new tab climbing 1.1% and Qatar Gas Transport (QGTS.QA), opens new tab adding 0.7%.
Saudi Arabia's benchmark stock index (.TASI), opens new tab advanced 0.2%, lifted by gains in energy, finance, communications and utilities.
Alinma Bank (1150.SE), opens new tab and Saudi Awwal Bank (1060.SE), opens new tab added 1.1% and 1.3%, respectively, while Acwa Power (2082.SE), opens new tab gained 0.6%.
In Abu Dhabi, the benchmark stock index (.FTFADGI), opens new tab rose 0.1%, helped by a 0.7% increase in Aldar Properties (ALDAR.AD), opens new tab and 1.9% gain in Abu Dhabi National Energy (TAQA.AD), opens new tab.
Dubai's benchmark stock index (.DFMGI), opens new tab eased 0.2%, with developer Emaar Development (EMAARDEV.DU), opens new tab shedding 0.5% and Mashreqbank (MASB.DU), opens new tab sliding 4.5%, although Emirate's largest lender Emirates NBD (ENBD.DU), opens new tab advanced 1.2%.
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