Monday, May 20, 2013
1022 GMT [Zawya Dow Jones]--Stock markets in the Persian Gulf end mixed on Monday as investors book some sharp recent gains. U.A.E. stocks fall after both Dubai and Abu Dhabi rallied to multi-year highs, adding billions of dollars in market value this year. Most fund managers expect more such bouts of profit taking as the focus shifts to valuations during the summer months when activity usually ebbs, only to pick up after Ramadan. Dubai shares finish 0.5% lower at 2341.20; Arabtec Holding falls 2.1% to AED2.39. Abu Dhabi's market is down 1.2% at 3523.34, weighed by financial and real estate stocks. Kuwait's benchmark index rises 1.3% to 8125.98 and Doha ends +0.6% at 9064.31. Saudi shares trade flat at 7300.05. (nikhil.lohade@dowjones.com; Twitter: @ZDJnews)
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(END) Dow Jones Newswires
20-05-13 1022GMT
