UAE and Qatar benchmarks slumped to their lowest closes in at least six weeks amid muted buying interest.
Dubai's index DFM fell 0.2 percent to 1,544 points, its lowest close since April 5. The benchmark recovered most of its early-session losses, but declined for a fourth straight session.
District cooling firm Tabreed dropped 3.2 percent, taking its losses to 13.5 percent since saying on Sunday it had issued 416 million new shares to repay a bond.
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