Most stock markets in the Gulf dropped or stayed steady on Sunday as investors weighed the interest rate outlook ahead of next week's Federal Reserve meeting, while the Saudi equities index bucked the trend.
Trading was cautious as investors eye the Fed's meeting next week, where the central bank is widely expected to hold rates steady and will release updated economic projections.
The Qatari benchmark index (.QSI), opens new tab was up marginally, with gains in industrials, utilities, real estate and energy offsetting losses in the finance, materials, consumer staples and communications sectors
Qatar National Bank (QNBK.QA), opens new tab, the region's largest lender, and Qatar Islamic Bank (QISB.QA), opens new tab both lost 0.6%, while Qatar Navigation (QNNC.QA), opens new tab climbed 3.6%.
Saudi Arabia's benchmark index (.TASI), opens new tab was up 0.3%, extending its rally to a fourth straight session with most sectors in the green.
ACWA Power (2082.SE), opens new tab surged 8.6% and Ades Holding (2382.SE), opens new tab rose 3.5%.
Among the gainers, Saudi Advanced Industries (2120.SE), opens new tab shot up 10% after it reported a 48.5% rise in full-year net profit.
Outside the Gulf, Egypt's blue-chip index (.EGX30), opens new tab fell 0.8%, having risen the previous session, with almost all sectors in the red.
Eastern Company (EAST.CA), opens new tab dropped 5.1% and E-Finance (EFIH.CA), opens new tab declined 5.6%.
The European Union announced a 7.4 billion euro ($8.1 billion) funding package and an upgraded relationship with Egypt, part of a push to steer to Europe.
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