In Abu Dhabi, the main share index lost 0.5%, weighed down by a 1.5% fall in First Abu Dhabi Bank and an 8.1% slide in Abu Dhabi National Company for Distribution (ADNOC Distribution).
ADNOC Distribution, the largest operator of petrol stations and convenience stores in the United Arab Emirates, extended losses for a second day after its parent Company Abu Dhabi National Oil Company (ADNOC) said it raised $1.64 billion by issuing exchangeable bonds and additional shares to investors in its listed retail unit ADNOC Distribution.
The transaction could increase ADNOC Distribution's free float to 30%.
Dubai's index closed 0.3% lower, giving up early gains.
Dubai Investments weighed most on the index, declining 2.3%. Losses were partially offset by a 0.4% gain in Emirates NBD Bank.
The Dubai index is nearly 8% up this month, cushioned by growth in the non-oil private sector and analysts' expectations of economic recovery.
The Qatari index slipped 0.3% following a decline in financial and energy stocks. Commercial Bank shed 2% and Qatar Fuel was 1.6% lower.
Bucking the trend in the Gulf, Saudi Arabia's benchmark share index closed 0.3% up, its fourth consecutive day of gains.
Al Rajhi Bank was up 0.6%, while hospital operator Dr. Sulaiman Al-Habib Medical Services Group and Saudi Telecom both rose 1.5%.
Outside the Gulf, the Egyptian blue-chip index rose 0.6%. The country's largest lender Commercial International Bank Egypt (CIB) gained 1.5%.
SAUDI ARABIA rose 0.3% to 10,548
ABU DHABI fell 0.5% to 6,513
DUBAI eased 0.3% to 2,809
QATAR shed 03% to 10,731
EGYPT was up 0.6% to 10,302
BAHRAIN gained 0.4% to 1,538
OMAN up 0.1% to 3,836
KUWAIT added 0.2% to 6,738
(Reporting by Maqsood Alam in Bengaluru; editing by Emelia Sithole-Matarise)
By Maqsood Alam
