March 6 (Reuters) - Abu Dhabi's stock index fell sharply onWednesday, hurt by a slide in First Abu Dhabi Bank FAB.AD ,while Qatar was pulled down by Industries Qatar IQCD.QA , afterboth shares went ex-dividend.

The Abu Dhabi index .ADI fell 2 percent, declining for thefifth straight session with First Abu Dhabi Bank FAB.AD , thecountry's largest lender, slumping 4.5 percent.

The bank announced a cash dividend of 0.74 dirhams lastmonth.

Qatar's index .QSI fell 0.9 percent as market heavyweightIndustries Qatar IQCD.QA slid 4.6 percent and MesaieedPetrochemical MPHC.QA lost 2.1 percent.

The Saudi index .TASI dipped 0.2 percent with NationalCommercial Bank 1180.SE sliding 0.4 percent and Saudi BasicIndustries 2010.SE shedding 0.3 percent.

Saudi Pharmaceutical Industries And Medical Appliances 2070.SE fell 0.4 percent after its full-year net profitdropped to 100.8 million riyals ($26.88 million) from 148.5million riyals a year earlier.

But Abdullah Abdul Mohsin Al Khodari Sons 1330.SE gained3.3 percent after it called for a shareholder meeting to discusscapital restructuring through a number of options includingdissolution of the firm.*:nFWN20S0QK

The Dubai index .DFMGI was down 0.3 percent with Tabreed TABR.DU decreasing 2.4 percent and Amlak Finance AMLK.DU falling 1.9 percent.

Dubai property prices have been slipping from their mid-2014peak and were partly behind the index's worst performance inlocal currency terms compared with other major global marketslast year.

Although Dubai stocks have rallied this year, led by strongfourth-quarter results at real estate companies, an expectedfurther fall in property prices is capping gains.

($1 = 3.7502 riyals)

(Reporting by Ateeq Shariff in BengaluruEditing by Andrew Heavens) ((; +918067497129;))