Israel said it bombed an intelligence headquarters Hezbollah group In Beirut, on Sunday, while officials in the Palestinian Gaza Strip said they were still trying to recover bodies from under the rubble after an Israeli raid that killed dozens.
The Saudi index fell 0.2 percent, affected by a 1.8 percent drop in ACWA Power shares and a 0.7 percent drop in the Saudi National Bank, the largest bank in the Kingdom.
Oil prices, a catalyst for Gulf financial markets, fell on Friday, falling by more than seven percent over the week after data showed slowing economic growth in China and as investors weighed mixed expectations for the Middle East.
The decline in prices and disruption of exports affects Crude oil On financial balances in countries that depend on oil as a source of income.
The Qatari index fell 1.1 percent, with all its company shares declining, including the share of the largest bank in the Gulf, Qatar National Bank, which fell 1.5 percent.
Outside the Gulf region, the leading stock index in Egypt closed with a decline of two percent, affected by a 3.2 percent drop in Commercial International Bank shares.
