Updates to closing prices

By Ateeq Shariff

Nov 12 (Reuters) - Most stock markets in the Gulf drooped on Wednesday, largely influenced by softer global oil prices.

Oil prices - a catalyst for the Gulf's financial markets - fell nearly 1%, weighed down by oversupply in the market, while expectations that an end to the longest-ever U.S. government shutdown could boost oil demand curbed losses.

Analysts have previously highlighted that crude oversupply is curbing price gains. Earlier this month OPEC+ agreed to a pause in increasing its output in the first quarter of next year, after having unwound its cuts to production since August this year.

Saudi Arabia's benchmark index .TASI fell 0.1%, hit by a 0.9% drop Al Rajhi Bank 1120.SE and a 1% decline in Saudi Telecom Company 7010.SE.

Dubai's main share index .DFMGI declined 0.5%, dragged down by a 2% slide in toll operator Salik SALIK.DU and a 1.1% fall in top lender Emirates NBD ENBD.DU.

However, Dubai Electricity and Water Authority DEWAA.DU rose 0.4%, after reporting a rise in quarterly profit.

In Abu Dhabi, the index .FTFADGI was down 0.4%, with Aldar Properties ALDAR.AD retreating 1.6%.

On the other hand, Dana Gas DANA.AD closed 0.7% higher. The energy firm said on Wednesday it had signed a preliminary deal with Syria's state oil company to assess redeveloping natural gas fields crippled in the 13-year civil war that made Syria reliant on imports from Iran.

The Qatari index .QSI was down 0.2%, with Qatar Islamic Bank QISB.QA losing 0.6%.

Outside the Gulf, Egypt's blue-chip index .EGX30 edged 0.1% lower, pulling further back from record highs hit on sunday, with tobacco monopoly Eastern Company EAST.CA losing 3.5%.

(Reporting by Ateeq Shariff in Bengaluru; Editing by Alison Williams and Shailesh Kuber)

((AteeqUr.Shariff@thomsonreuters.com; +918061822788))