Stock exchanges in member nations of the Gulf Cooperation Council took a break Monday from the recent rally. The Dubai Financial Market (DFM) index closed 0.23 percent lower at 1,502.81 points. Shares of low-cost carrier Air Arabia gained against the trend, finishing 1.52 percent higher at 0.868 dirham (0.23 U.S. dollar). Air Arabia, founded in 2003 as the region's first budget airline, benefited from the crisis- induced budget constraints. Shares of Dubai Ports (DP) World closed at a two-week high at 0. 449 dollar, with shares changing hands increasing more than 12- fold to 1.142 million. DP World went public in November 2007 at Nasdaq Dubai. The Initial Public Offering attracted 4.96 billion dollars and it is until today the largest stock listing in the Middle East. The FTSE NASDAQ Dubai UAE 20 Index closed at 1555.17 points, up 1.97 points, or 0.13 percent, from the previous close. Earlier in the day, Nasdaq Dubai denied media reports that some brokers faced problems in placing their orders on the newly- linked DFM/Nasdaq Dubai-trading platform. 'Trading of Nasdaq Dubai equities again took place smoothly today, following the successful outsourcing to DFM's trading platform that came into effect yesterday. Trades were executed efficiently and custody services were provided correctly. All Nasdaq Dubai Members that wish to trade have been able to do so,' the exchange said in a statement. In Dubai's neighboring sheikhdom Abu Dhabi, the ADX General Market closed unchanged at 2,527.33 points. Abu Dhabi National Energy Company, one of the largest oil and gas firms in the region, advanced 1.85 percent, closing at 1.1 dirham (0.3 dollar). Abu Dhabi's real estate leader Aldar Properties, on the other hand, weakened 1.47 percent to 2.66 dirhams (0.72 dollar), as villa and apartment rents in Abu Dhabi have continued to fall on average between 7 percent and a more pronounced drop of up to 15 percent for lower quality properties, according to the latest report by property services company Asteco. The Bahrain market BSE posted the largest advance, gaining 1.51 percent at 1,389.28 points. Qatar's QE Index ended on a two-week high at 7,015.3 points, up 0.34 percent. Real estate bellwether United Development Company, which built the iconic island The Pearl Qatar near Qatar's capital Doha, gained 1.53 percent, closing at 99 Qatari riyals (26.73 dollars). Liquified gas shipping company Nakilat gained 0.54 percent and finished at 18.5 Qatari riyals (5 dollars). On Monday, rating agency Standard and Poor's (S&P) raised the long-term corporate credit rating on Nakilat to 'AA-' from 'A+', saying the firm's outlook was stable. 'We consider Qatar-based LNG shipper Nakilat a government- related entity and assess the likelihood of extraordinary support from the state, if needed, as 'extremely high',' S&P said in a statement. In Kuwait City, the KSE Market Index finished at 6,496.5 points. International Financial Advisors posted the second largest advance and closed 7.69 percent higher at 0.056 Kuwaiti dinar (1.39 dollar) . Saudi Arabia saw its Tasi Index weakening 0.39 percent to 6,216. 7 points. 