Feb 13 Reuters Most Gulf stock markets fell in early trade on Monday, in tandem with weaker oil prices and Asian peers as investors were cautious ahead release of crucial U.S. inflation data.

Oil, which fuels the region39;s growth, declined around 1 with Brent crude was down 85.66 a barrel by 0743 GMT.

The U.S. Federal Reserve has been raising interest rates to rein in inflation, leading to concerns that the move would slow economic activity and demand for oil.

In Abu Dhabi, the benchmark stock index dropped 1.1, dragged down by a 2.9 loss in Alpha Dhabi  and 1.9 fall in Al Dar Properties, while the largest lender by assets, First Abu Dhabi Bank slid 2.1.

However, ADNOC Drilling jumped 2.1 after it reported a rise of 33 in 2022 net profit, with revenue boosted by its onshore and oilfield services businesses.

The Qatari Stock index fell 0.2, weighed down by losses in industry and energy sectors with Industries Qatar losing 2.9 and Qatar Fuel shedding 1.5.

Saudi Arabia39;s benchmark stock index opened on positive note trading 0.6 higher. The index supported by gains in most sectors with Dr. Sulaiman AlHabib Medical jumping 2.8 and oil major Aramco rising 0.8

Riyad Bank and Saudi Arabian Mining surged 4.1 and 2.8 after the both reported a 17 and 78.3 jump in full year profit respectively.

Dubai39;s benchmark stock index inched up 0.1, helped by gains in financials and real estate sectors, with Dubai Islamic Bank gaining 0.5 and low cost flyer Air Arabia rising 1.7….