All four listed REITs were among the 10 most heavily traded shares in Riyadh, where the main index edged up 0.2 percent. Al Jazira Mawten REIT jumped 9.6 percent.

Jadwa REIT Haramain Fund rose 1.3 percent. The trust said it would distribute a cash dividend of 0.1 riyal per share for the 75-day period to June 30.

Maather REIT Fund will list on Tuesday. Analysts at NCB Capital estimated that based on its subscription price of 10 riyals per share, its dividend yield for 2017 would be 7.2 percent, and its subscription was covered 15.2 times, signalling strong investor appetite for real-estate-related securities.

Half of the 14 listed petrochemical shares advanced as Brent oil prices largely held onto Friday's big gains. Yanbu National Petrochemical rose 1.1 percent.

Qatar's index fell 0.8 percent in the market's lowest trading volume this year. Commercial Bank lost 1.7 percent, wiping out Sunday's 1.2 percent gain.

Dubai's index declined by 0.6 percent to close at the day's low. Builder Drake & Scull fell 1.8 percent; it said on Monday that it would seek shareholder approval to convert itself into a sharia-compliant company.

Union Properties, which has been volatile since last week when it posted a big quarterly loss as it fixed accounting errors, fell 2.0 percent.

In Abu Dhabi, the index edged up 0.1 percent as Dana Gas soared 8.1 percent. Last week the company reported a 71 percent rise in second-quarter net profit as it slashed capital spending.

Egypt's index rose 0.6 percent as investment firm Qalaa Holdings, the most heavily traded stock, surged 3.7 percent.

But Pioneers Holding fell 1.2 percent despite reporting that first-half standalone net profit rose to 106.2 million Egyptian pounds ($6.0 million) from 71.1 million pounds a year earlier.