Gulf stock markets retreated on Wednesday as investors closed positions at quarter-end, but declines were modest, with some analysts forecasting a rebound. “It's the end of the quarter, so investors are closing positions and most Gulf markets are down,” said Adel Nasr from United Securities. “I believe the market will rebound tomorrow.” The Saudi All-Share Index (TASI) index slipped 0.21 percent to 6,801.01 points, retreating for a third session in four as a fall in bank profits and a fifth straight monthly decline in money supply growth weighed on sentiment. SABB dropped 1 percent, Arab Bank lost 1.5 percent and Al-Rajhi Bank dipped 0.6 percent. “Saudi equities ticked down today on profit-booking after the market scaled recent high levels,” said Mohammed Ishaq Ali, a fund manager at Al Rajhi Capital. Elsewhere in the region, Dubai index dropped 0.4 percent to 1,843 points. Abu Dhabi benchmark fell 0.6 percent to 2,908 points. Kuwait measure dropped 0.1 percent to 7,534 points. Qatar index slipped 0.04 percent to 7,462 points. Oman benchmark fell 0.2 percent to 6,698 points. Bahrain index dropped 0.4 percent to 1,547 points.