nov 1 reuters  saudi arabias stock market ended lower on tuesday underperforming gulf peers following a slew of disappointing corporate earnings while the dubai index extended losses for a second session the benchmark index  in saudi arabia dropped 12 dragged down by a 13 fall in retal urban development co  and a 99 plunge in saudi arabia mining co maaden  maaden  which saw its biggest intraday fall since december 2014  reported a thirdquarter net profit of 210 billion riyals 559 million marking a drop of about 48 from the previous quarter however profit was up 653 yearonyear elsewhere rabigh refining and petrochemical  tumbled 98 hitting a 18month low as it swung to a quarterly loss shares of saudi aramco  eased 01 even as the oil behemoth posted a 39 jump in its thirdquarter net income that beat analysts forecasts boosted by higher crude oil prices and volumes sold the profit was slightly lower in comparison to its record second quarter among other losers middle east co for manufacturing and producing paper  finished 79 lower after reporting weak thirdquarter results dubais main share index  fell 01 with bluechip developer emaar properties  losing 15 and a 31 decline in union properties  on posting losses for the first ninemonth period the dubai market recorded some volatility as traders await the federal reserves next interest rate decision said farah mourad senior market analyst at xtb mena at the same time the market found support thanks to the attractiveness of the current initial public offerings ipos which drew large amounts of liquidity shareholders in dubais empower have increased the size of the stake being offered in an ipo to 15 from 10 citing strong demand for the shares read more according to mourad the qatari market returned to negative territory as natural gas prices reversed course and remains exposed to uncertainty in natural gas demand particularly in europe outside the gulf egypts bluechip index  rose 05 helped by a 19 gain in abu qir fertilizers 