Mideast Stocks: Saudi index leads losses with most Gulf markets subdued

Mideast Stocks: Saudi index leads losses with most Gulf markets subdued

However, National Commercial Bank (NCB) advanced 1.3% after it reported on Tuesday a nearly 24% rise in third-quarter net profit.The kingdom's largest lender posted a net profit of 3.16 billion riyals ($842.60 million) in the quarter ended Sept. 30, up from 2.55 billion a year earlier.Dubai's main share index slipped 0.2%, hurt by a 2.6% fall in blue-chip developer Emaar Properties and a 1.3% fall in logistics firm Aramex.The Abu Dhabi index dropped 0.5%, weighed down by a 1.1% decline in telecoms firm Etisalat and a 3.5% slide in Aldar Properties, ending four sessions of gains.On Monday, Aldar saw its biggest intraday gain in nearly six years after announcing it will take over the management and development of government capital projects worth 30 billion dirhams ($8.17 billion) under an agreement