Most stock markets in the Gulf dropped on Monday as investors remained cautious ahead of the release of minutes from the U.S. Federal Reserve's latest meeting.
The Fed is expected to issue minutes of its November meeting on Tuesday, which will be parsed for clues on the direction of U.S. interest rates.
Monetary policy in the six-member Gulf Cooperation Council (GCC) is usually guided by the decisions of the U.S. Federal Reserve, as most regional currencies are pegged to the dollar.
The Qatari index (.QSI) fell 0.6%, snapping three straight sessions of gains, weighed down by a 1.4% drop in Industries Qatar (IQCD.QA) and a 1.6% decline in Commercial Bank (COMB.QA).
The region's largest lender Qatar National Bank (QNBK.QA) slumped 1.1%.
Saudi Arabia's benchmark index (.TASI) retreated 0.2%, ending a four-day winning streak, with oil major Saudi Aramco (2222.SE) sliding 0.9% and Elm Company (7203.SE) down 1.6%.
In Abu Dhabi, the benchmark index (.FTFADGI) ended flat, with Abu Dhabi National Oil Company for Distribution (ADNOCDIST.AD) rising 1.9% and Abu Dhabi Commercial Bank (ADCB.AD) gaining 1.2%.
However, the conglomerate Alpha Dhabi (ALPHADHABI.AD) and Aldar Properties (ALDAR.AD) lost 1.6 and 0.4%, respectively.
Dubai's benchmark index (.DFMGI) was up for a third consecutive session, ending 0.2% higher, driven by a 0.7% rise in developer Emaar Properties (EMAR.DU) and a 1.1% gain in Dubai Islamic Bank(DISB.DU).
Outside the Gulf, Egypt's blue-chip index (.EGX30) snapped a three-session winning streak and closed 0.6% lower, with Talaat Mostafa Group Holding (TMGH.CA) dropping 3.3% and El Sewedy Electric Co(SWDY.CA) declining 2.9%.
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