DUBAI: Dubai’s bourse posted its biggest daily loss in a month on Sunday as retail investors booked profits, while Qatar’s benchmark hit a new all-time closing high, buoyed in part by the imminent upgrade of the Gulf state to emerging market status.

Dubai’s index dropped 3.1 percent and Emaar Properties and Emirates NBD were the main drags, down 1.9 and 3.2 percent, respectively.

Qatar’s bourse rose 0.3 percent to a new all-time closing high of 12,995 points, although trading volume fell 40 percent compared with last Thursday.