Agility fell 4 percent to its lowest close since Sept. 27, despite denying the US move amounted to a new suit. Agility said it was instead a “procedural amendment” to an earlier case.
Kuwait's index fell 0.1 percent to 6,966 points, declining for a second day since Wednesday's two-month peak, but Naser Al-Nafisi, general manager for Al-Joman Center for Economic Consultancy, said the market should remain steady, even if quarterly results fail to excite.
Saudi Arabia's Tadawul All-Share Index (TASI) fell 0.09 percent to 6,723.32 points, easing from Saturday's eight-month peak, but this drop was seen as temporary.
Index heavyweight Saudi Basic Industries Corp. (SABIC) fell 0.7 percent. The petrochemicals index dropped 0.4 percent, although it remains up 17 percent in 12 months.
The sector activity for the day was mixed with 7 gaining sectors against 8 losing sectors. The gaining sectors ranged from 0.04 percent by the Banks & Financial Services sector to 0.60 percent by the Transport sector.
On the other hand the losing sector for the day ranged from 0.07 percent by the Retail sector to 0.39 percent by the Petrochemical Industries sector.
The overall market breadth for the day was negative with 52 advancers against 64 decliners giving it an AD ratio of 0.81, the Financial Transaction House (FTH) said in its daily market commentary.
The stock market turnover reached SR3.51 billion on Sunday.
Qatar blue chips were mixed as the index ended flat, equaling Thursday's 27-month high. Shares have surged ahead of a massive infrastructure build-out leading up to the 2022 soccer World Cup.
Industries Qatar fell 0.9 percent, but Commercial Bank of Qatar rose 1.3 percent.
The Qatari index ended flat at 9,020 points.
The Dubai index dropped 0.2 percent to 1,666 points. The Abu Dhabi index rose 0.4 percent to 2,764 points.
The Omani index climbed 0.3 percent to 6,950 points. The Bahraini index fell 0.1 percent to 1,429 points.
— With input from agencies
