Gulf markets mixed as Qatar ends 7-day losing streak

Most stock markets in the Gulf ended mixed on Wednesday amid volatile oil prices, with the Qatari index snapping a seven-session losing streak.

Qatari stocks GNRI gained 0.6%, led by a 4.1% jump in Commercial Bank CBQK and a 2.6% rise in Islamic lender Masraf Al Rayan MARK.

In Abu Dhabi, the index FADGI advanced 1.3%, buoyed by a 1.7% rise in conglomerate International Holding IHC.

The Abu Dhabi market rebounded after a week of price corrections, which could help the market maintain a strong uptrend, Wael Makarem, senior market strategist at Exness, said.

Dubai's main share index DFMGI eased 0.1%, hit by a 1% fall in real estate developer Emaar Properties EMAAR.

Outside the Gulf, Egypt's blue-chip index EGX30 fell 0.2%, weighed down by a 2.5% slide in top lender Commercial International Bank COMI.