Israeli strikes pounded Beirut's southern suburbs on Wednesday and Hezbollah said it fired precision guided missiles for the first time at Israeli targets, as U.S. Secretary of State Antony Blinken toured the region, pushing for a halt to fighting in both Gaza and Lebanon.
Israeli strikes were also reported to have hit the Syrian capital Damascus early on Thursday.
Saudi Arabia's benchmark index (.TASI), opens new tab eased 0.1%, with the country's biggest lender Saudi National Bank (1180.SE), opens a new tab losing 0.6% and Alinma Bank (1150.SE), opens new tab was down 1.2%.
The Saudi index posted a weekly loss of 0.2%.
Separately, the kingdom attracted foreign direct investment inflows of 96 billion riyals ($25.6 billion) in 2023, beating official targets, according to government data based on a new calculation methodology.
In Abu Dhabi, the index (.FTFADGI), opens new tab closed 0.1% lower, hit by by a 0.5% drop in conglomerate International Holding Co (IHC) (IHC.AD), opens new tab.
IHC said on Wednesday its subsidiary International Tech Group acquired an additional 46% stake in Emircon for 292 million dirhams ($79.51 million).
However, Abu Dhabi Commercial Bank (ADCB.AD), opens new tab climbed 2.5%, after beating forecasts with a 23% rise in third-quarter profit.
Dubai's main share index (.DFMGI), opens new tab concluded flat.
The Qatari index (.QSI), opens new tab fell 0.1%, with petrochemical maker Industries Qatar (IQCD.QA), opens new tab retreating 1%.
The Qatari index recorded its biggest weekly loss of 3.1% in a year.
Outside the Gulf, the Egyptian index (.EGX30), opens new tab rose 0.5%, with Talaat Mostafa Holding (TMGH.CA), opens new tab gaining 1.7%.
The blue-chip index posted first weekly gains in three weeks.
Egypt's economic growth will increase to 4.0% in the year to the end of June 2025 as austerity measures imposed under an International Monetary Fund programme run their course, a Reuters poll showed on Thursday.
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