Dubai, Kuwait, Bahrain see red; Abu Dhabi, Qatar end up

STOCK WATCH: In the previous session, Dubai's benchmark ended up nearly 3%. (Getty Images)

Dubai's main index DFMGI declined 1.73 percent to 1,448 points, led lower by banks and real estate stocks.

UAE:

Dubai's main index DFMGI ended 2.29 percent down at 1,440 points, dragged lower by banks and real estate stocks.

Heavyweight Emirates NBD took the most points off the benchmark, losing 4.8 percent, while Emaar Properties declined 3.11 percent.

Dubai Islamic Bank fell 2.89 percent, while telecoms firm du, which earlier posted its first full-year profit, lost 2.17 percent.

In Abu Dhabi, the main index ADI rallied 0.82 percent to 2,199 points.

Shares of Arkan Building Materials Co surged almost 10 percent, extending gains into a fourth trading day.

Kuwait:

Kuwait's benchmark KWSE ended 2.49 percent lower at 6,672 points as investors booked profits following a two-week rally spurred by expectations of a government rescue plan that was approved on Thursday.

Shares of Mobile Telecommunications Co (Zain) declined 6.67 percent, while National Bank of Kuwait plunged 9.09 percent.

Qatar:

In Qatar, the index QSI ended up 0.38 percent at 5,323 points, led higher by Al Khaliji Commercial Bank, which jumped 7.69 percent, Qatar Islamic Bank  rose 0.54 percent and Doha Bank  gained 0.64 percent.

Saudi Arabia:

Saudi Arabia's benchmark TASI closed 0.51 percent higher at 4,934 points.

Saudi Basic Industries Corp (SABIC) added the most points to the index, rising 1.67 percent. Saudi Kayan Petrochemical Co gained 4.59 percent.

The index has closed higher in four out of the last five trading days.

Oman and Bahrain:

Oman's main index MSI ended slightly higher, up 0.08 percent at 4,788 points, closing higher for the third straight trading day.

National Bank of Oman and Bank Sohar advance 2.56 percent and 2.65 percent, respectively.

Bahrain's main index BAX ended 0.35 percent lower at 1,601 points. (Reuters)

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