MIDEAST STOCKS-Most Gulf markets subdued, in line with Asian shares
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Major Gulf stock markets were subdued in early trade, following softer Asian equities due to global trade concerns and geopolitical tensions. The MSCI Asia-Pacific index fell 0.5%, while Saudi Arabia's index fluctuated around its previous close. Oil prices slipped amid rising U.S. crude stockpile expectations. Dubai's index edged up 0.1%, aided by Emirates NBD's 1.3% rise after its acquisition of a stake in RBL Bank was cleared. Abu Dhabi's index remained flat, with Mubadala targeting AI and robotics investments. Qatar's index rose 0.2%, supported by Ooredoo's 2.5% increase and government support for local firms.
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