The Qatar and Abu Dhabi benchmarks slump to multi-month lows, while Dubai gives back almost all of
Thursday's gains to end just above last week's 15-week low as negative global sentiment weighs.
"There are no domestic drivers in either country (UAE and Qatar) so you have to look elsewhere for them and they are all negative right now," says Julian Bruce, EFG-Hermes' director of institutional equity sales.
In Qatar, large-caps weigh on the index, which slips 0.6 percent to 8,403 points, its lowest close since Jan. 24.
Doha Bank drops 2.6 percent and Masraf Al Rayan falls 0.8 percent.
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