Property stocks weighed on UAE bourses on Monday after bellwether Emaar Properties' (EMAR.DU) quarterly results fell short of analyst expectations, while Saudi Arabia was lifted to a three-month high by petrochemicals.
Emaar, the developer behind the world's tallest tower in Dubai, fell 2.9 percent after it said on Sunday that profit fell 45 percent due to losses from associate firms.
Dubai's index .DFMGI ended 1.6 percent lower, extending losses after Thursday's yearly high. Construction firm Arabtec (ARTC.DU) tumbled 4.6 percent in heavy trading.
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