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Mideast shares were mixed, with Gulf shares boosted by higher oil prices and hopes for US-China trade talks. Qatar climbed to the highest level since February.

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Oil prices jumped after Iran shot down an unarmed, unmanned US drone and said it did not intend to go to war but is ready for one. Saudi stocks, though, fell on fears of escalated tensions between the US and Iran.

In company news, Industries Qatar is set for a stock split on June 25.

Saudi Arabia’s main index shed 0.7% to 8,870 points, Abu Dhabi jumped 1.4% to 5,045 points, Dubai gained 0.7% to 2,659 points, Qatar rallied 1.7% to 10,689 points, Egypt eased 0.6% to 14,043 points, Bahrain firmed 0.1% to 1,455 points, Oman fell 0.4% to 3,928 points and Kuwait rose 1% to 6,367 points.

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