The former World champion lost two games - one to Fabiano Caruana (USA) and the other to Richard Rapport (Hungary) while drawing with five others.
Indian chess icon Viswanathan Anand placed with nine points from seven rounds of Rapid (involving two mini-matches) and 14 rounds of Blitz.
The Gashimov Memorial tournament this year is being played as a rapid and blitz chess tournament.
Anand had endured losses at the hands of Rauf Mamedov (Azerbaijan) in the opening round before suffering defeats to Rapport and David Navara (Czech Republic) in the second and third round respectively.
In the second round, Anand lost the first of the two-game mini-match to Rapport with black pieces. The second game ended in a draw with the Indian playing with white pieces.
Riding on three back-to-back victories, Grandmaster Abhijeet Gupta emerged as the best performing Indian as he finished seventh in the Al Ain Classic International chess tournament that concluded in Al Ain (UAE) on Saturday.