Dubai's index slumps to a 12-week closing low as wary investors extend selling, while bargain hunter help lift Qatar.
Dubai's benchmark drops 0.5 percent to 1,556 points, its ninth decline in 10 sessions and lowest close since Feb. 16.
Volumes have slumped in recent weeks and may decrease further, with trading usually slowing down significantly over the summer as investors escape the searing summer heat.
"Selling pressure hasn't abated much in Dubai, the short-term downtrend is intact," says Sleiman Aboulhosn,
assistant fund manager at Al Masah Capital.
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