Saudi Arabia, the world's largest crude exporter, bucked the trend as bargain hunters stepped in and helped the index recoup Saturday's oil-driven losses.

Egypt's benchmark share index fell to its lowest since March 24 on Sunday.

The index closed 1.2 percent lower to 4,878 points, with private equity firm Citadel Capital falling the most. Citadel dropped 5.5 percent and investment bank EFG-Hermes closed down 5.4 percent.

EFG was the most active stock with more than 38.5 million Egyptian pounds ($6.76 million) worth of its shares traded.

Brent crude fell $1.67 to settle at $109.13 on Friday, capping a frenzied trading week that sliced prices by more than $16 on demand worries and a move by investors to slash commodities exposures.

Dubai's benchmark slumped to a four-week closing low, down 0.97 percent to 1,592 points as all sectors retreated.

Arabtec and Emaar Properties fell 1.4 and 1.6 percent respectively, between them accounting for a third of all shares traded.

Most UAE bank stocks slid, despite an upbeat outlook.

"There is a good momentum (in the banking sector) because of first-quarter results and we expect it to continue," said Sebastien Henin, portfolio manager at TNI National Investment.

Abu Dhabi index dropped 0.4 percent to 2,686 points.

Shares in First Gulf Bank, Abu Dhabi's second largest bank by market value, have lagged and offer potential upside, Henin added. FGB shares shed 1.4 percent.

Attractive valuations lifted the Tadawul All-Share Index (TASI) by 0.7 percent to 6,624 points, easing away from Saturday's two-week low when investors sold positions on the sharp oil price decline.

The value of Saudi traded shares reached SR5.50 billion on Sunday.

Seven of the 10 largest stocks ended higher, with Saudi Basic Industries Corp. (SABIC) the most heavily traded. It rose 0.2 percent.

Analysts forecast continued volatility in coming sessions.

"Some investors are picking up stocks on valuation," said a Riyadh-based trader speaking on condition of anonymity. "Until crude settles, you will see volatility. Whenever there is uncertainty, you have volatility," he said.

Al-Rajhi Bank, the largest Saudi bank by market value, ended up 0.7 percent and Saudi Arabian Fertilizers Co. gained 1.3 percent.

Elsewhere, all stocks declined in Oman and the benchmark fell 0.8 percent, closing at a month low.

Market heavyweight Bank Muscat fell 1.6 percent and Galfar Engineering slipped 3.8 percent after reporting first-quarter net profit of 1.38 million rials, according to a statement on the bourse. The Omani index fell 0.8 percent to 6,286 points.

Bucking the trend, Qatar's index edged up 0.07 percent to 8,458 points, ending a five-session losing streak. Qatar Telecom gained 2.4 percent.

The Kuwaiti measure slipped 0.2 percent to 6,506 points.

The Bahraini index eased 0.2 percent to 1,391 points.