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Major Gulf markets mixed amid uncertainty over US-Iran peace negotiations

Major Gulf markets mixed amid uncertainty over US-Iran peace negotiations

Boursa Kuwait Securities Company (k.p.s.c)June 2, 20264
Major Gulf markets mixed amid uncertainty over US-Iran peace negotiations

About this update from Boursa Kuwait Securities Company (k.p.s.c)

Major Gulf stock markets were mixed in early Tuesday trading, as investor sentiment remained cautious amid uncertainty over the progress of .On Monday, U.S. President Donald Trump said negotiations with Iran were still underway, despite an earlier report by Iran's Tasnim news agency claiming Tehran had suspended the indirect talks with Washington.Trump also said on Monday that, through intermediaries, he had communicated with the Iran-backed Lebanese militia Hezbollah and had obtained assurances the group would not launch an attack on Israel.Saudi Arabia's benchmark index TADAWUL:TASI eased 0.1%, hit by a 0.9% fall in oil behemoth Saudi Aramco TADAWUL:2222.Brent crude futures ICEEUR:BRN1! lost 53 cents, or 0.56%, to $94.45 a barrel at 0649 GMT.Dubai's main share index DFM:DFMGI dropped 0.4%, with top lender Emirates NBD DFM:EMIRATESNBD retreated 1.3%.In an interview with CNBC, Trump said he would not be concerned if the talks ended. However, he later said in a social media post that discussions were continuing. He also told ABC News that he expected an agreement to be reached within the next week.In Abu Dhabi, the index ADX:FADGI was flat in choppy trading.The Qatari index QSE:GNRI added 0.3%, with the Gulf's biggest lender Qatar National Bank QSE:QNBK gaining 0.5%.

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