Most Gulf bourses fell on Monday as debt-laden group Dubai World's meeting with creditors overshadowed trading in the United Arab Emirates. Markets across the region saw low volume trading as investors awaited the outcome of the meeting. However, Saudi Arabia and Bahrain were the only bourses to rise. Saudi Arabian Mining Co (Maaden) rose 1.6 percent after it signed on Sunday an agreement with Alcoa to build a $10.8 billion aluminum complex. Saudi Basic Industries Corp (Sabic) rose 1.2 percent after it said its board recommended paying a dividend of SR1.5 ($0.40) for 2009. Saudi Arabia's benchmark Tadawul All Share Index (TASI) rose 0.56 percent to 6,252.21 points. Samba Financial advanced 2.4 percent. Bahrain's index edged 0.3 percent higher to 1,451 points. The Dubai index eased 0.2 percent to 1,829 points. Shuaa Capital fell 1.2 percent, and Du lost 1 percent. Emaar Properties gained 2.1 percent and DFM added 2.2 percent. Arabtec ended 1.3 percent lower. The Abu Dhabi index declined 0.8 percent to 2,728 points. Aldar Properties fell 2.6 percent and Sorouh Real Estate dropped 4.3 percent. Emirates NBD and Abu Dhabi Commercial Bank (ADCB) fell by 4.8 per cent each. Muscat's benchmark fell 1 percent. Bank Muscat slid 1 percent and Bank Sohar 1.4 percent. Kuwait's main measure closed 0.5 percent lower at 7,072 points. Zain dropped 3.8 percent. In Kuwait, logistics firm Agility suffered its biggest one-day fall in a month, after it said it was looking at legal options after US defense contractor DynCorp International dropped its US unit as a subcontractor in a US army deal. The firm's shares fell 6.3 percent. Qatar fell for a second day. Banks led declines in both markets. Doha's bourse slipped 0.5 percent to 7,096 points. Commercial Bank of Qatar declined 2.2 percent and Qatar National Bank 0.6 percent.
