DUBAI: Most Middle East stock markets fell on Monday as oil prices remained weak, but some shares in

Dubai, Saudi Arabia and Egypt rebounded after particularly steep drops in the previous session.

Saudi Arabia's main Tadawul All-Share Index edged down 0.3 percent to 8,437 points but closed well off its intra-day low of 8,381 points.

Oil shipper Bahri was one of main supports, jumping 2.5 percent. The stock had tumbled 8.3 percent in the previous session after tanker freight rates from the Gulf to Japan dropped to their lowest in more than 10 months.

Some beaten-down blue chips also attracted bargain-hunters after Sunday's sell-off. Al-Rajhi Bank added 0.8 percent and Saudi Basic Industries Corp. edged up 0.3 percent.

But most shares fell and telecommunications firm Etihad Etisalat (Mobily) was the main drag on the index, tumbling 6.1 percent to a fresh 6-1/2-year low of SR26.20.

Early this month the firm posted a second-quarter loss after announcing yet another negative earnings restatement; in total it has slashed its profits by SR3.63 billion ($967.8 million) for the 27 months to March 31, 2015, citing accounting errors related to the booking of revenue from wholesale broadband leases and mobile promotional campaigns.

Dubai's index closed 0.1 percent lower at 3,927 after hitting an intra-day low of 3,911 points, close to chart support at its May low of 3,913 points.

Builder Arabtec rose 2.4 percent after tumbling 5.4 percent in the previous session on poor second-quarter results. The firm posted its third quarterly loss in a row, while analysts had expected a profit.

Abu Dhabi's bourse fell 0.9 percent to 3,927 points and Abu Dhabi National Insurance Co. tumbled 9.4 percent, having reported a 299 million dirham ($81.4 million) loss for the first half of 2015 at the end of last week, compared with a profit of 104 million dirhams a year earlier.

Eshraq Properties, which on Sunday posted a 92 percent drop in second-quarter profit, lost 1.4 percent.

Qatar's market slipped 0.9 percent to 11,735 points and Industries Qatar, whose petrochemicals business is suffering from the oil price plunge, was one of the main drags, sliding 1.2 percent.

But Commercial Bank of Qatar edged up 0.2 percent, extending gains since index compiler MSCI announced late last week that it would nearly double the stock's weighting in its emerging markets index.

Egypt's bourse closed 0.4 percent lower at 7,594 points, trimming losses after it rebounded from technical support near its July low of 7,527 points.

Juhayna Food Industries, which had tumbled 7.5 percent on Monday, rose 1.4 percent. The stock had come under pressure after state media said the bourse was poised to freeze trading of Chairman Safwan Thabet's shares in the company.

Property developer Medinet Nasr also rebounded, gaining 1.6 percent after the market had initially ignored its second-quarter profit increase in Sunday's broad sell-off.