Qatar's index slumps to a two-week closing low as investors cut positions ahead of quarterly earnings, while Dubai's bourse ends higher for a first session in four.
Doha's benchmark ends 0.3 percent lower at 8,549 points, down 1.1 percent from Sept. 17's fourth-month high.
Heavyweight Industries Qatar slips 0.6 percent, Qatar National Bank sheds 0.4 percent and Qatar Electricity and Water slips 0.2 percent.
"Market volumes are softening and people are waiting to see results before pouring money back in," says Yassir Mckee, wealth manager at Al Rayan Financial Brokerage. "I don't anticipate major moves until earnings start coming out, which I don't think will be out of the ordinary."
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