By Amna Mariyam

July 8 (Reuters) - Gulf equities ended mixed on Tuesday,

with investors exercising caution over U.S. trade policies after

President Donald Trump announced steep import levies on several

trading partners and pushed the tariff deadline to August 1.

While Gulf economies were spared from immediate measures,

Trump had earlier announced plans to impose an additional 10%

tariff on countries aligning with the "anti-American policies"

of the BRICS bloc, which includes the UAE. Saudi Arabia, while

not a BRICS member, attended a BRICS meeting in April.

Saudi Arabia's benchmark index dropped 0.5%, ending

a four-day winning streak as most sectors closed in red. ACWA

Power Company slid 3.4%, while Al Rajhi Bank

fell 0.2%.

Oil prices - a catalyst for the Gulf's financial markets

-retreated after gaining nearly 2% in the previous session on

tariff concerns and a higher-than-expected increase in OPEC+

output planned for August.

Dubai's main share index lost 0.1%, after reaching

a 17-year peak the previous day, with blue-chip developer Emaar

Properties dropping 0.7%.

In Abu Dhabi, the index was marginally up.

Qatar's benchmark index added 0.3%, supported by a

1.1% rise in the Qatar Islamic Bank.

Meanwhile, Egypt's stock exchange said it had suspended

trading on Tuesday, citing ongoing disruptions affecting

brokerage firms' ability to communicate efficiently across the

trading system, a day after a fire broke out in a telecoms data

centre in Cairo.

SAUDI ARABIA dropped 0.5% to 11,294

ABU DHABI added 0.1% to 10,012

DUBAI eased 0.1% to 5,794

QATAR firmed 0.3% to 10,834

BAHRAIN was up 0.7% to 1,961

OMAN slipped 0.5% to 4,554

KUWAIT increased 0.2% to 9,213