Taqa drags Abu Dhabi to close lower

Abu Dhabi's main index ADI ended 1.2 percent lower at 2,590 points.

Abu Dhabi Energy Co (Taqa) took the most points off the index, ending 6.8 percent lower after posting a 90 percent decline in first-quarter earnings.

First Gulf Bank and Aldar Properties lost 2.9 percent and 5.3 percent respectively.

In Dubai, the benchmark DFM ended 1.0 percent lower at 1,635 points, driven lower by Emaar Properties, which lost 1.9 percent.

Qatar's main index QSI ended 2.51 percent down at 6,540 points, led lower by Barwa Real Estate Co, which slipped 3.31 percent.

Commercial Bank of Qatar and Doha Bank fell 2.06 percent and 3.34 percent respectively.

In Kuwait, the benchmark KWSE declined 1.39 percent to 7,629 points. Heavyweight National Bank of Kuwait fell 3.45 percent, while Kuwait Finance House lost 3.39 percent.

Bahrain's main index BAX bucked the region's falling trend, ending 0.15 percent up at 1,637 points.

Oman's main index MSI ended 0.6 percent lower at 5,373 points, dragged down by Galfar Engineering Co and Bank Muscat.

Galfar ended down 9.7 percent after posting worse-than-expected first-quarter results, while heavyweight Bank Muscat ended 3.9 percent lower.

The index has ended lower three out of five sessions this week. (Reuters)

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