DUBAI: Gulf stock markets were mixed in early trade on Tuesday as volatile oil prices provided no clear cues for investors in the absence of strong domestic catalysts.
Brent crude gave up early gains and edged down 0.6 percent to $58.53 per barrel by 0620 GMT.
Dubai's index slipped 0.1 percent amid a mixed performance by local stocks. Most gainers were small-caps such as Gulf Finance House, up 1.3 percent, which on Monday reported a swing to fourth-quarter profit.
Abu Dhabi edged up 0.3 percent as telecommunications firm Etisalat edged up 0.4 percent ahead of its quarterly earnings announcement, scheduled for Wednesday.
Abu Dhabi Ship Building Co surged 7.0 percent after its chief executive said the firm was in discussions with other buyers to sell more warships in addition to those it is building for the United Arab Emirates Navy.
Qatar's bourse was down 0.3 percent and Qatar Investors Group dropped 2.8 percent as its shares no longer carried the 2014 dividend.
Oman's market was flat and Kuwait edged down 0.2 percent.
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