Monday, May 14, 2012
1102 GMT [Zawya Dow Jones]--Most Persian Gulf stock markets end lower Monday; track global equity losses amid rising concerns about the health of the Spanish banking sector and as Greece enters its second week without a government. Dubai shares finish -0.4% at 1481.95; bellwether Emaar -1.7% at AED2.89. Arabtec Holding bucks the negative trend, top riser +4.7% at AED2.91. The company said Aabar Investments and its units totally held a 20.76% stake in the company as on May 10, denying recent media reports that the Abu Dhabi-based firm owned a 53% stake in the construction firm. Abu Dhabi's market ends flat at 2473; Kuwait's benchmark index slips 0.2% to 6432.28 and Doha ends -0.6% at 8489.10. Saudi shares trade -0.9% at 7118.29. Oil prices extend recent slide; Nymex June crude futures last down $2 at $94.13/bbl. (nikhil.lohade@dowjones.com)
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(END) Dow Jones Newswires
14-05-12 1102GMT
