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Mon 21 Dec 2015 12:28 PM

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Stock markets: UAE mixed in thin trade

Qatar's bourse slid as investors dumped blue chips

Stock markets: UAE mixed in thin trade
(Getty Images)

Dubai and Abu Dhabi stocks were mixed in lacklustre trade on Monday while Qatar's bourse slid as investors dumped blue chips.

Dubai's bourse oscillated in early trade, opening lower before rising 0.1 percent. Volumes were thin as most investors lacked interest in buying on dips. Builders Drake & Scull and Arabtec rose 0.3 and 1.0 percent respectively, however.

Abu Dhabi's index pulled back 0.5 percent although two blue chips, Etisalat and National Bank of Abu Dhabi, rose 0.3 and 0.9 percent.

Qatar resumed trade after the market was closed for a national holiday on Sunday and the Doha benchmark slipped 0.6 percent. Losers outnumbered gainers 14 to 5, with Gulf International Services - a stock that was removed from MSCI's emerging market index in November - leading declines; it retreated 2.8 percent.

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