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The Saudi bourse rose for a second session on Sunday, supported by financial stocks, while shares of the Bank of Abu Dhabi on the Abu Dhabi stock exchange to end the gains lasted eight sessions.
Saudi Basic Industries Corp (SABIC) fell 0.7 percent after the world's fourth largest petrochemical producer posted its lowest quarterly profit since late 2009.
SABIC attributed this decline to the decline in the average selling prices of products and the decrease in the company's share in the results of associates and joint ventures.
SABIC chief executive Yousef al-Bunian said his company was not interested in acquiring the Swiss chemicals company Clarent, but remained keen to forge a partnership as market conditions improved.
SABIC, which owns a 25 percent stake in the Swiss company, and Clarent on Thursday said they had frozen plans for a joint venture, Al Bunyan said, as a result of a change in market conditions.
Saudi Arabia's largest mining company, Maaden, fell 2.6 percent.
Abu Dhabi's main index fell 0.7 percent, recording the worst performance in the region, with Abu Dhabi's first bank, the largest bank in the United Arab Emirates, shedding 1.1 percent and Emirates Telecommunications Co (Etisalat) down 0.6 percent.
ADCB's shares were not traded, but the bank posted a 11 percent decline in second-quarter profit.
This is the first consolidated financial results after the merger of Abu Dhabi Commercial Bank with Union National Bank and the smaller Crescent Bank.
The Dubai index fell 0.2 percent, under pressure of the leading shares Emaar Properties and Emirates NBD 1.3 and 0.4 percent, respectively.
Aramex Logistics rose 2.5 percent, while Dubai Islamic Bank rose 0.6 percent.
Qatar's index fell 0.6 percent, with Qatar National Bank (QNB), the region's largest bank, down 1 percent, while Industries Qatar fell 0.7 percent.
The index received some support from shares of Aridi Telecom, which rose 1.8 percent.
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