Most major Gulf stock markets fell on Wednesday, driven down by their financial-services shares, while Dubai gained along with its property shares.

In Saudi Arabia, the benchmark index edged down 0.1%. Al Rajhi Bank fell 0.5% and Banque Saudi Fransi dropped 2% after reporting a decline in third-quarter net profit, which it blamed on higher operating expenses and impairment charges.

Alahli Takaful fell 0.7% after third-quarter profit declined more than 35% as its general and administrative expenses rose.

Jarir Marketing added 0.6% after it proposed a third-quarter dividend of 2.5 riyals per share, higher than the Sthird quarter a year earlier.

Dubai's main share index gained 0.2% with its largest listed developer, Emaar Properties, rising 0.7% and DAMAC Properties up 2.3%.

The Abu Dhabi index fell 0.2%. The country's largest bank First Abu Dhabi Bank, lost 0.4%.

Qatar's index was also down 0.2%, led by a 0.7% decline in Qatar National Bank and a 0.8% drop in Mesaieed Petrochemical. (Reporting by Shamsuddin Mohd in Bengaluru, editing by Larry King)

© Reuters News 2019