Gulf Stocks Mixed as Oil Slides, Fed Signals Unclear amid Israel-Hamas Conflict
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Most major Gulf stock markets were subdued due to falling oil prices, mixed signals from the U.S. Federal Reserve, and geopolitical tensions over the Israel-Hamas war.
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Saudi Arabia's benchmark index eased 0.1%, weighed down by a sharp drop in Fawaz Abdulaziz AlHokair shares.
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Dubai's index added 0.2% helped by gains in Emaar Properties.
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Two more major Gaza hospitals closed as Israeli bombardment continued, causing medicine and fuel shortages.
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Oil prices fell on demand worries despite supply concerns, impacting Gulf markets.