Mideast Stocks: Saudi outperforms in weak Gulf, while property shares weigh on Dubai

Mideast Stocks: Saudi outperforms in weak Gulf, while property shares weigh on Dubai

Most major Middle Eastern markets ended lower on Monday with losses in real estate shares weighing on the Dubai index, while the Saudi market bucked the trend to close higher.The benchmark index in Saudi Arabia rose 1%, with oil giant Saudi Aramco gaining 2.1% and Al Rajhi Bank rising 1.1%.The kingdom shipped 6.1 million barrels per day of crude oil in September, slightly above August levels, and kept output steady at 8.974 million bpd last month, Reuters reported on Monday, citing an industry source. Dubai's main share index declined 0.9%, dragged down by a 1.8% fall in blue-chip developer Emaar Properties and a 1% drop in Emirates NBD Bank.The Abu Dhabi index slipped 0.1%, hit by a 0.2% loss in the country's largest lender First Abu Dhabi Bank and a 1%