MIDEAST STOCKS-Dubai's main share index hits fresh record high

May 19 (Reuters) - Most stock markets in the Gulf settled higher on Monday including Dubai's main share index .DFMGI, which rose 0.7% to a record high for a second consecutive session.

The index had scaled a record on Friday, boosted by a slew of business agreements between the United Arab Emirates and the U.S.

President Donald Trump on his last stop of a Gulf tour said that the two countries had agreed on a path for the Gulf nation to buy advanced semiconductors used for artificial intelligence technologies from U.S. companies, a major win for Abu Dhabi's efforts to become a global AI hub.

Abu Dhabi's benchmark index .FTFADGI closed up 0.12% on Monday.

On Dubai's main index, lender Emirates NBD Bank ENBD.DU, was the top gainer, closing up 3.5%.

Qatar's benchmark stock index .QSI also finished the day 0.7% higher, with Qatar Islamic Bank QISB.QA settling up 1.6%.

Meanwhile, oil prices fell on Monday, pressured by Moody's downgrade of the U.S. sovereign credit rating and disappointing data from China, where official figures revealed a slowdown in both industrial output and retail sales.O/R

Saudi Arabia's benchmark stock index .TASI closed down 0.3%. Electrical components and equipment maker Middle East Specialized Cables Company 2370.SE was the top loser, down 5.8%.

Outside the Gulf, Egypt's blue-chip index .EGX30 fell 1.13%.