Most stock markets in the Gulf were subdued in early trading on Tuesday after comments from U.S. Federal Reserve officials cast doubt over the timing of potential U.S. interest rate cuts this year.
Saudi Arabia's benchmark stock index (.TASI), opens new tab eased 0.1%, dragged down by losses in finance, healthcare and energy.
Al Rajhi Bank (1120.SE), opens new tab, the world's largest Islamic lender, shed 0.8%, and Aldrees Petroleum (4200.SE), opens new tab dropped 2.6%.
In Abu Dhabi, the benchmark stock index (.FTFADGI), opens new tab was down 0.1% with Abu Dhabi Commercial Bank (ADCB.AD), opens new tab sliding 1.8% and conglomerate Alpha Dhabi Holding (ALPHADHABI.AD), opens new tab slipping 1.9%.
The Qatari benchmark index (.QSI), opens new tab fell 0.2%, pressured by a 1.2% drop in United Development Co (UDCD.QA), opens new tab and a 0.8% loss in Commercial Bank (COMB.QA), opens new tab.
Dubai's benchmark stock index (.DFMGI), opens new tab was up 0.6%, lifted by gains in finance, real estate and industry, with blue-chip developer Emaar Properties (EMAR.DU), opens new tab rising 2.7% and tolls operator Salik Company (SALIK.DU), opens new tab adding 1.8%.
Several U.S. Fed officials on Monday signalled continued caution on interest rate policy and inflation, putting a dent in risk sentiment.
Most Gulf currencies are pegged to the dollar, and any U.S. monetary policy change is usually mimicked by Saudi Arabia, the United Arab Emirates and Qatar.
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