Gulf stock markets edged down early on Thursday in the absence of fresh, positive news, and after oil prices pulled back slightly overnight. Dubai's index.DFMGI slipped 0.1 percent in the first hour. Shuaa Capital SHUA.DU added a further 1.2 percent in active trade after jumping its 15 percent daily limit on Wednesday, but Union Properties UPRO.DU fell 0.8 percent. Abu Dhabi National Energy Co (TAQA) TAQA.AD fell 2.2 percent after reporting a narrower fourth-quarter loss of 1.22 billion dirhams ($332.2 million) versus a net loss of 3.63 billion dirhams in the same period of 2014; it declined to pay an annual dividend for the third year in a row. The stock had jumped 12.2 percent on Wednesday ahead of the earnings news. TAQA's pull-back helped to depress Abu Dhabi's index .ADI , which lost 0.5 percent. Waha Capital WAHA.AD plunged 10 percent as it went ex-dividend. Qatar .QSI dipped 0.3 percent as Gulf Warehousing GWCS.QA fell 0.8 percent. It soared last week when the Qatar Central Securities Depository raised the maximum foreign ownership percentage for its shares to 49 percent of capital, but pulled back this week as no rapid, major increase in actual foreign ownership, now at 25.6 percent, materialised.
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