Gulf bourses were mixed Sunday with the UAE's two markets hitting new multi-month lows as traders said the weekend's Group of 20 meeting in Paris had failed to reduce uncertainty over the euro zone debt crisis and the outlook for the global economy. Saudi stock benchmark Tadawul All Share Index fell 0.48 percent to 6,135.12 points as quarterly earnings announcements failed to excite investors. Riyad Bank dropped 1.7 percent despite posting a 30 percent rise in its third-quarter net profit, beating forecasts. Investors were concerned about quarter-on-quarter growth, which was hit by provisioning, analysts said. “Banks are starting to realize maybe they need to take more provisions. This doesn't give a lot of confidence going into Q4,” said Asim Bukhtiar, head of research at Riyad Capital. Dubai's benchmark fell 0.7 percent to 1,375 points, its lowest close since March 7, when regional markets were tumbling in the early stages of the Arab Spring political turmoil. In Abu Dhabi, the benchmark slipped 0.3 percent to a 22-month low at 2,471 points. In Kuwait, bargain hunters picked up battered stocks and the index rose 0.5 percent to 5,899 points. Qatar index climbed 0.5 percent to 8,438 points. Oman index gained 0.4 percent to 5,538 points, trimming 2011 losses to 18 percent. Bahrain measure climbed 0.08 percent to 1,151 points. The bright spot in the Middle East was Egypt, where the benchmark index gained 1.5 percent to 4,214 points.
