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April 29 (Reuters) – Abu Dhabi’s stock index fell on Monday, pulled down by its financial shares, particularly First Abu Dhabi Bank. Most major Gulf markets fell.
The Abu Dhabi index lost 1 percent, with First Abu Dhabi Bank shedding 1.5 percent before reporting its first-quarter results later in the day.
Dana Gas slid 2.1 percent to fall for the third straight session. The company’s stock went ex-dividend on Thursday and has been sliding since.
Saudi Arabia’s main index was the only market to gain in early trading, inching up 0.1 percent. Saudi British Bank rose 2.6 percent to its highest in four years after reporting a 24 percent increase in first-quarter net profit.