Middle East shares mostly declined, weighed by lower oil prices .
In company news, Al Yamamah Steel Industries Company reported a Q1 net loss of 30.2 million riyals compared with a profit of 6.7 million riyals a year ago.
Waha Capital fell to a five-year low, continuing its decline that started after the company reported on Thursday a plunge in its full-year net profit and slashing its dividend by half.
Saudi Arabia's main index dropped 0.4% to 8,543 points, Dubai slumped 1.3% to 2,496 points, Qatar fell 1.3% to 10,302 points, Abu Dhabi declined 0.7% to 5,047 points, Egypt firmed 0.1% at 14,785 points, Kuwait added 0.3% to 5,457 points, Oman eased 0.4% to points and Bahrain shed 0.8% to 1,399 points
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of NASDAQ, Inc.