UPDATE 1-MIDEAST STOCKS-UAE, Qatar mkts slip as investors position for Saudi opening

April 19, 2015 7:18 AM

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DUBAI, April 19 (Reuters) - Gulf stock markets were narrowly mixed in early trade on Sunday as the United Arab Emirates and Qatar pulled back after a few strong sessions and investors focused on Saudi Arabia, which is preparing to allow direct foreign investment in its market.

Dubai's index edged down 0.8 percent after surging 8.1 percent in the three previous sessions. Most stocks were down, although property developer DAMAC extended gains and jumped 2.1 percent to 2.96 dirhams.

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