In Qatar, the second phase of the FTSE upgrade took effect from the opening, with 20 of the 22 companies selected in September 2016 seeing their investibility weights doubled.
Stocks in this group were mixed, with Commercial Bank adding 0.9 percent but Qatar Navigation down 0.9 percent. Many investors tried to front-run the passive funds brought in over the past few days by the upgrade.
Banking shares were also weak. Heavyweight Al Rajhi lost 2.3 percent as its shares went ex-dividend.
AdvertisementDubai's index was flat, with builder Drake & Scull, the most heavily traded stock, down 1.1 percent. Emaar Properties was up 0.1 percent.
(Reporting by Celine Aswad; Editing by Andrew Torchia and Catherine Evans) ((email@example.com)(+9715 62247653)(Reuters Messaging: firstname.lastname@example.org))
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