UPDATE 6: Emaar drops 2.8%, DFM3.6%, while Kuwait, Bahrain end higher.
Gains among bluechip and consumer stocks helped lift Saudi Arabia's all-share index TASI to close higher.
, the Middle East's biggest sugar refiner and the world's top maker of branded edible oil, rose 3.7 percent.
Banks also rose.
Samba Financial Group
climbed 0.9 percent and
gained 0.7 percent.
The index ended 0.2 percent higher at 6,304 points.
Dubai's index slipped to a 10-week closing low in broad-based declines.
"There's a lot of uncertainty in our region and that is affecting the markets," said Mohammed Yasin, Shuaa Securities chief executive.
dropped 2.8 percent, Dubai Financial Market fell 3.6 percent and
Drake & Scull
shed 2 percent.
This trio accounted for more than half of all shares changing hands on the index.
followed a similar pattern in Abu Dhabi, with investors targeting
because they were among the most liquid stocks in their respective markets and so investors can exit easily.
dropped 0.6 percent.
Dubai's index fell 1.9 percent to 2,071 points, its lowest close since September 15.
Abu Dhabi's benchmark ended lower for the fourth session in five, slipping 0.5 percent to 2,894 points.
dropped 2.8 percent and
Sorouh Real Estate
fellalls 2.9 percent, with this pair claiming almost half of all shares traded.
rebounded, lifting Kuwait's index to its biggest one-day gain for three weeks.
climbed 4.2 percent and
added 2.4 percent. Both stocks have been battered of late.
The index climbed 1.1 percent to 6,869 points, ending higher for the third session in four. Volumes hit a 19-day high.
Qatar's benchmark ended lower for the second session in three, dropping 1.5 percent to 7,151 points in its largest decline for more than a week. Volumes slumped to an 11-week low.
plunged 6.1 percent, but heavyweight
rose 0.9 percent to limit index losses.
Bahrain's measure rose for the third trading in four, despite only one of the five largest stocks trading.
The index climbed 0.1 percent to 1,449 points.
Saudi Arabia's index was flat in early trading, with little movement in bluechip names.
The index was up 0.04 percent at 6,294 points. It has ended less than 1 percent up or down for the past 11 sessions.
ended 2.1 percent lower, but
recovered some of its previous day's losses, rising 0.9 percent. (Reuters)