Oman’s stock index led a decline in Gulf shares after European markets retreated last week as U.S. economic reports heightened investor concern the global recovery may be faltering. Qatar’s benchmark rose for a fifth day.

Al Anwar Holdings SAOG, the Omani investor in manufacturing companies, fell for a second day and Al-Hassan Engineering Co. lost the most in almost six weeks. Oman’s MSM30 Index dropped for the first time in four days, slipping 0.3 percent at the 1 p.m. close. Qatar’s QE Index increased 0.9 percent 7,179, the highest level since May 18. The Bloomberg GCC 200 Index gained 0.2 percent. [Read More]