A Saudi investor monitors the stock exchange at the Al-Bilad Saudi Bank on June 15, 2015 in the capital Riyadh. AFP PHOTO / FAYEZ NURELDINE
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Saudi Arabian stocks led Gulf markets lower after the nation's biggest publicly traded bank became the latest in a growing list of companies whose earnings missed analysts' forecasts.National Commercial Bank, whose third-quarter profit of 1.96 billion riyals ($522 million) was about 360 million riyals shy of the median forecast of four analysts, was the biggest contributor to the drop.Out of the seven banks that reported earnings for the third quarter in Saudi Arabia, the world's biggest crude exporter, one posted an increase in profit.Oman's MSM30 Index and Qatar's QE Index each slipped 0.2 percent.Trading on the MSM30 Index was 60 percent above the 30-day average as the number of shares exchanged exceeded 15 million.
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