The Dubai Financial Market General Index closed 4.7% lower, the sharpest drop since May 2022. Abu Dhabi’s FTSE ADX General Index fell 1.9%. You are using an outdated browser. Please upgrade your browser to improve your experience and security. Stocks in Qatar, Riyadh and Kuwait started to recoup some losses on Wednesday, amid soaring oil prices due to supply concerns in the region as a result of the conflict.