Most stock markets in the Gulf rose on Tuesday as markets waited for early indications of the outcome of a knife-edge U.S. election.
Election Day ends an acrimonious campaign jolted by assassination attempts on Republican candidate and former President Donald Trump and the withdrawal of Democratic President Joe Biden in favour of Vice President Kamala Harris, with polls showing the candidates virtually tied.
Dubai's main share index (.TASI), opens new tab rose 0.2%, with Emirates Integrated Telecommunications (DU.DU), opens new tab up 2% and budget airliner Air Arabia (AIRA.DU), opens new tab gaining 1.1%.
In Abu Dhabi, the index (.FTFADGI), opens new tab added 0.6%, led by a 6.7% gain for Alpha Dhabi Holding (ALPHADHABI.AD), opens new tab.
ADNOC Drilling Company (ADNOCDRILL.AD), opens new tab and Alpha Dhabi Holding announced on Monday that their joint venture Enersol had agreed to acquire a 95% equity stake in Deep Well Services (DWS) for about $223 million including performance-based payments.
Shares of ADNOC Drilling were up 2.3%.
The Qatari index (.QSI), opens new tab finished 0.2% higher, with Qatar Gas Transport Nakilat (QGTS.QA), opens new tab rising 1.5%.
Saudi Arabia's benchmark index (.TASI), opens new tab edged 0.2% lower, hit by a 1.5% fall in ACWA Power Company (2082.SE), opens new tab.
Oil giant Saudi Aramco (2222.SE), opens new tab reversed early losses to close 0.2% higher, despite reporting a 15.4% drop in third-quarter profit due to lower crude prices and weaker refining margins. It maintained its dividend at $31.1 billion for the quarter.
Outside the Gulf, Egypt's blue-chip index (.EGX30), opens new tab rose 0.5%.
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