Most stock markets in the Gulf ended higher on Wednesday as investors prepare for the third-quarter earnings season to accelerate, although regional conflict and softening oil prices limited gains.
Saudi Arabia's benchmark index (.TASI), opens new tab gained 0.3%, with aluminium products manufacturer Al Taiseer Group (4143.SE), opens new tab rising 0.4% and ACWA Power Company (2082.SE), opens new tab closing 1.6% higher.
Among other gainers, Arabian Internet and Communications Services (7202.SE), opens new tab advanced 1.2% after the firm signed a 309.7 million riyals ($82.50 million) contract with Saudi Telecom Company (STC) (7010.SE), opens new tab. STC shares finished flat.
On the other hand, oil behemoth Saudi Aramco (2222.SE), opens new tab eased 0.2%.
Oil - a catalyst for the Gulf's financial markets - steadied supported by OPEC+ cuts and uncertainty over what may happen next in the Middle East conflict, although an outlook for ample supply next year added downward pressure.
Dubai's main share index (.DFMGI), opens new tab gained 0.4%, with blue-chip developer Emaar Properties (EMAR.DU), opens new tab climbing 1.5%.
The United States has told Israel it must take steps in the next month to improve the humanitarian situation in Gaza or face potential restrictions on U.S. military aid, U.S. officials said, in the strongest such warning since Israel's war with Hamas began a year ago.
In Abu Dhabi, the index (.FTFADGI), opens new tab inched 0.2% higher, supported by a 3.7% rise in Fertiglobe (FERTIGLB.AD), opens new tab.
Fertiglobe - the largest producer of nitrogen fertilisers in the Middle East and North Africa - expects to more than double its net ammonia production capacity as it integrates ADNOC's portfolio of low carbon ammonia projects following the energy giant's purchase of a majority stake in the fertiliser maker on Tuesday.
The Qatari index (.QSI), opens new tab advanced 0.9%, with Qatar Islamic Bank (QISB.QA), opens new tab rising 2.1%.
Post trading hours, the sharia-compliant lender reported a nine-month net profit of 3.27 billion riyals ($897.12 million), up from 3.06 billion riyals a year earlier.
Outside the Gulf, Egypt's blue-chip index (.EGX30), opens new tab eased 0.1%, hit by a 2.4% fall in Talaat Mostafa Holding (TMGH.CA), opens new tab.
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