Saudi Arabia's stock market ended lower on Sunday, extending losses from the previous session on profit-taking, while the Egyptian index ended five sessions of losses. Saudi Arabia's benchmark index dropped 0.5%, weighed down by a 2.5% fall in Riyad Bank, while Saudi Awwal Bank retreated 3.8%.

The lender last week reported quarterly net profit of 1.55 billion riyals ($413.28 million), up from 1.08 billion riyals a year ago, but down from the previous quarter. On the positive side, National Shipping Company of Saudi Arabia advanced more than 4% after posting a sharp rise in second-quarter net profit.

In Qatar, the index gained 0.5%, led by a 2.7% rise in petrochemical maker Industries Qatar. Oil prices - a key catalyst for the Gulf's financial markets - rose on Friday and notched a fifth straight week of gains as investors were optimistic that healthy demand and supply cuts will keep prices buoyant.

Outside the Gulf, Egypt's blue-chip index advanced 1.2%, ending five sessions of losses, with most of the stocks in positive territory including tobacco monopoly Eastern Company , which was up more than 8%.

SAUDI ARABIA fell 0.5% to 11,789 QATAR gained 0.5% to 10,954 EGYPT rose 1.2% to 17,555 OMAN was flat at 4,779 KUWAIT added 0.1% to 8,092 ($1 = 3.7505 riyals) (Reporting by Ateeq Shariff in Bengaluru Editing by Christina Fincher)