UAE ends mixed; Kuwait ends low on profit taking

STOCK WATCH: Construction and property stocks helped lead Dubai and Oman stock markets. (Getty Images)

A $4.36 billion capital injection by Abu Dhabi's government to bolster banks sent banking shares soaring in the emirate.

UAE:

Abu Dhabi banks closed sharply higher after the emirate's government decided to inject additional liquidity into the sector.

Abu Dhabi Commercial Bank led gains rallying 10 percent and National Bank of Abu Dhabi soared 9.93 percent.

Abu Dhabi's index ADI rose 1.74 percent to 2,174 points.

Dubai's benchmark DFMGI fell 1.71 percent to 1,433 points led by Emirates NBD which declined 4.79 percent and Dubai Investments Co which slid 5.38 percent.

Qatar:

Qatar's benchmark QSI rose 0.37 percent to 5,159 points led by Qatar Gas Transport Co (Nakilat), which advanced 1.25 percent, and Al Khaliji Commercial Bank, which rose 4.35 percent.

Oman:

Banks led Oman's index MSI to a higher close as National Bank of Oman climbed 4.55 percent and Bank Sohar advanced 4.67 percent.

Muscat's benchmark MSI ended 1.34 percent higher at 4,707 points.

Kuwait:

Kuwait's index ended lower on profit-taking after rising for four out of five of the last trading days. Qatar ends higher while Bahrain falls.

Kuwait Finance House fell 4.84 percent and Agility 6.85 percent as the country's benchmark KWSE ended 1.81 percent lower at 6,916 points.

Bahrain:
Bahrain's measure BAX fell 1.44 percent to 1,603 points. (Reuters)

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