June 9 Reuters Most stock markets in Middle East ended mixed on Thursday with the UAE leading the losses, while Qatar saw its best day since January 2021 after closing flat in previous session.

Gulf Cooperation Council stock markets mostly fell under the weight of the global selling pressures as recession fears in the United States and Europe continued to be a negative factor, said Fadi Reyad, Market Analyst at CAPEX.com MENA.

In Abu Dhabi, the index fell 0.7, extending losses to a seventh session in a row, as largest lender First Abu Dhabi Bank dipped 0.7 and e formerly Etisalat Group declined 2.2.

Dubai39;s main share index retreated 0.7, weighed down by a 1.2 fall in Shariacompliant lender Dubai Islamic Bank and a 1.1 drop for top lender Emirates NBD.

Separately, Dubai plans to sell a 12.5 stake in business park operator TECOM Group in an initial public offering IPO, the company said in a statement. nL1N2XW05S

Saudi Arabia39;s benchmark index edged 0.1 higher, as financial stocks recovered from earlier losses, with Banque Saudi Fransi and Al Rajhi Bank leading the gains.

Alkhorayef Water And Power Technologies closed 1.4 up after signing 1.86 billion riyals 496 million worth of contracts with the Ministry of Environment, Water and Agriculture.

The stock rose as much as 2.9 in Thursday39;s trading.

The Qatari index advanced 1, however, its biggest intraday gain since January 11, 2021, boosted by financial stocks as Qatar Islamic Bank climbed 3.2.

Outside the…