BENGALURU: Most Gulf stock markets closed subdued on Tuesday as investors remained cautious after the US ruled out extending a temporary ceasefire agreement and an Iranian official said Tehran would shift to a “fully offensive” military posture.
Qatar’s benchmark index fell 0.5 percent, extending losses for a second consecutive session to close at 9,848 points, its lowest level in more than a year.
Qatar National Bank, the region’s largest lender, declined 0.7 percent, while telecommunications operator Ooredoo dropped 1.5 percent.
Saudi Arabia’s benchmark index ended flat, as gains in materials, energy and healthcare stocks offset declines elsewhere. Saudi National Bank, the kingdom’s largest lender by assets, slipped 0.5 percent, while Jarir Marketing fell 4.3 percent.