by Gerard Al-Fil DUBAI, Nov. 1 (Xinhua) -- Gulf Arab markets ended on a mixed note Monday, with Saudi Stock Exchange's main index Tasi gaining 0. 16 percent higher to close at 6,363.99 points. Despite robust gains in the past week, Saudi Basic Industries Corporation (Sabic) surged further, jumping 2.05 percent to 99.5 Saudi riyals (26.53 U.S. dollars). Higher oil prices and a strong buy recommendation from Swiss bank Credit Suisse from mid-October fueled the run on Sabic. Al Rajhi Bank ended flat at 77.25 Saudi riyals (20.6 dollars). Al Rajhi reported an 8.6 percent decline in net profits to 1.6 billion Saudi riyals (426.6 million dollars) for the third quarter of 2010, from 1.8 billion Saudi riyals (480 million dollars) in the year earlier period. 'The decline was mainly driven by the bank's conservative policy that aims to support credit provisions to maintain its financial position,' investment bank Jordinvest said. The Saudi British Bank (SABB) ended also flat at 42 Saudi riyals (11.2 dollars). Earlier in the day, SABB announced that it is in the process of arranging a series of investor meetings targeting fixed income investors in Europe, the Middle East and Asia commencing on Nov. 4 in order to, depending on market conditions, launch a USD offering. Stock markets in the United Arab Emirates (UAE) in Dubai and Abu Dhabi went in different directions. The Dubai Financial Market (DFM) General Index ended 0.98 percent higher after a rollercoaster trading day. Shares of Dubai Investments (DIC) added 1.37 percent, closing at 0.964 dirham (0.26 dollar). Earlier in the day, DIC reported a net profit for the third quarter of 233.25 million dirhams (63.56 million dollars) or 0.06 dirham (0.016 dollar) per share, down from 280.68 million dirhams (76.48 million dollars) in the same period 2009 or 0.07 dirham (0. 019 dollar) per share. The annualized return on share capital achieved for the period is 26 percent. At the Nasadq Dubai, the FTSE Nasdaq Dubai UAE 20 Index closed at 1,883.44 points, up 9.58 points, or 0.51 percent, from the previous close. The world's third largest port operator DP World added 0.17 percent to close at 0.593 dollar. Interior designer Depa Ltd. ended 0.14 percent higher at 0.691 dollar. The Nasdaq Dubai is the only Middle Eastern exchange which has listed an entity from China, the China Security & Surveillance Technology Inc. (CSST), which is based in the southern Chinese city of Shenzhen. CSST did not post any trading at the Nasdaq Dubai and closed flat at 4.54 dollar. In Abu Dhabi, the ADX General Index dipped 0.45 percent to close at 2,803.42 points. Real estate developer Sorouh plummeted 2. 23 percent at 1.75 dirham (0.48 dollar). Earlier in the day, Sorouh reported a nine-month net profit of 215 million dirhams (58. 58 million dollars), 54 percent down from the corresponding period in 2009. Earnings per share for the third quarter of 2010 fell to 0.02 dirham (0.005 dollar) from 0.07 dirham (0.019 dollar). The Qatar Exchange dipped 0.33 percent, closing at 7,770.34 points. In Kuwait, the KSE Market index ended half a percentage point higher at 7,081.3 points. 