Abu Dhabi's largest lender by assets, First Abu Dhabi Bank fell 0.6% and Abu Dhabi Commercial Bank shed 3.1%. Dubai's benchmark stock index was down 0.5% in early trade, weighed by losses in industry and financial sectors, with tolls operator Salik falling 1.8%. Dubai's real estate developers Deyaar Development and Emaar Development dropped 1.3% and 1.5% respectively. The emirate's largest lender Emirates NBD lost 0.8%. The Qatari Stock index fell 0.3%, with losses in most sectors, led by industry and finance. The conglomerate Industries Qatar declined 1.1% and Qatar Aluminum lost 1.9%.
The region's largest bank Qatar National Bank and Commercial Bank dropped 0.3% and 1.8% respectively. Saudi Arabia's benchmark stock index fell 0.5%, undermined by losses in finance, materials and energy sectors with world's largest Islamic bank by assets Al Rajhi Bank losing 0.6% and the Kingdom's largest commercial bank Saudi National Bank dropping 1.8%. Saudi's ICT services provider Perfect Presentation For Commercial Services bucked the trend to rise 2.7% after it posted a 63% jump in full year net profit. (Reporting by Md Manzer Hussain; editing by Barbara Lewis)
