Lebanon's Hezbollah movement said on Tuesday there would be no negotiations while fighting continued with Israel, and claimed sole responsibility for a drone attack on Israeli Prime Minister Benjamin Netanyahu's holiday home.
U.S. Secretary of State Antony Blinken arrived in Israel on Tuesday for meetings with Israeli leaders, the first stop of a wider Middle East tour to launch another push for an elusive ceasefire.
Saudi Arabia's benchmark index (.TASI), opens new tab dropped 0.4%, hit by a 1.1% fall in ACWA Power Company (2082.SE), opens new tab and a 1.8% decrease in Middle East Pharmaceutical Industries (4016.SE), opens new tab.
Elsewhere, oil giant Saudi National Bank (1180.SE), opens new tab edged 0.1% lower, despite reporting a rise in third quarter net profit.
The International Monetary Fund lowered its GDP growth forecast for Saudi Arabia for 2024 to 1.5% and estimated growth would accelerate to 4.6% next year in its latest World Economic Outlook Report released on Tuesday.
The IMF projects oil prices will rise by 0.9% in 2024 to about $81 a barrel. It has previously said Saudi Arabia needs prices at close to $100 per barrel to balance its budget.
Dubai's main share index (.DFMGI), opens new tab eased 0.2%, with leading lender Emirates NBD (ENBD.DU), opens new tab losing 1.3%.
In Abu Dhabi, the index (.FTFADGI), opens new tab fell 0.3%.
The Qatari benchmark (.QSI), opens new tab lost 0.3%, as Qatar Islamic Bank (QISB.QA), opens new tab declined 1.7%.
However, Doha Bank (DOBK.QA), opens new tab gained 0.8%, following a rise in nine-month net profit.
Outside the Gulf, Egypt's blue-chip index (.EGX30), opens new tab finished 0.1% lower, weighed down by a 9.2% slide in Abu Qir Fertilizers (ABUK.CA), opens new tab.
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