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MIDEAST STOCKS-Major Gulf markets in red on US-Iran jitters

ReutersFeb 11, 2026 8:59 AM

- Major stock markets in the Gulf fell in early trade on Wednesday amid fragile U.S.–Iran negotiations, with the Dubai bourse falling the most.

U.S. President Donald Trump on Tuesday said he was considering sending a second aircraft carrier to the Middle East, even as Washington and Tehran prepare to resume negotiations aimed at averting a new conflict.

Trump also said he thinks that Iran wants to make a deal with the United States on its nuclear and ballistic missile programs, and it would be "foolish" if they did not.

Saudi Arabia's benchmark index .TASI dropped 0.6%, hit by a 1.2% fall in the country's biggest lender Saudi National Bank 1180.SE.

Dubai's main share index .DFMGI retreated 1%, weighed by a 7.5% plunge in Dubai Islamic Bank DISB.DU after the sharia-compliant lender posted a decline in annual profit.

In Abu Dhabi, the index .FTFADGI eased 0.3%.

Any potential U.S. military strike on Iran has sparked fears that regional countries would face the bulk of Tehran's retaliation. In mid‑January, Saudi Arabia, Qatar, Oman and Egypt cautioned Washington against launching any such attack.

The Qatari index .QSI eased 0.2%, with telecoms firm Ooredoo ORDS.QA falling 2.3%.

Qatar's Emir Sheikh Tamim bin Hamad al-Thani and Trump discussed in a phone call efforts for regional de-escalation and stability, the Emiri Diwan said on Wednesday.

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