Gulf stock markets were mostly subdued in early trading on Monday amid political uncertainty in the region after Iran's president died in a helicopter crash and Saudi Arabia's crown prince canceled a trip to Japan, citing issues with the king's health.
Saudi Arabia's benchmark stock index (.TASI), opens new tab slipped 0.6% with most of its constituents posting losses, led by IT, finance and healthcare stocks.
ACWA Power (2082.SE), opens new tab slid 1.1%, and Saudi National Bank (1180.SE), opens new tab, the kingdom's largest lender, dropped 1.7%.
In Abu Dhabi, the benchmark stock index (.FTFADGI), opens new tab was down 0.1% with conglomerate International Holding (IHC.AD), opens new tab shedding 0.3% and Abu Dhabi Ports (ADPORTS.AD), opens new tab sliding 1.3%.
The Qatari benchmark index (.QSI), opens new tab fell 0.1%, pressured by a 1.1% drop in United Development Co (UDCD.QA), opens new tab and a 0.6% loss in Industries Qatar (IQCD.QA), opens new tab.
Dubai's benchmark stock index (.DFMGI), opens new tab edged up 0.1%, lifted by gains in communications, real estate and industry sectors with blue-chip developer Emaar Properties (EMAR.DU), opens new tab rising 1.1%, and Dubai Islamic Bank (DISB.DU), opens new tab adding 1.4%.
Emirates NBD(ENBD.DU), opens new tab, the emirate's largest lender, however lost 0.6%.
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