Feb 15 Reuters Stock markets in the Gulf ended mixed on Thursday, following a slew of upbeat corporate earnings, while regional tensions and dampened hopes of early rate cuts by the U.S. Federal Reserve weighed on sentiments.

Saudi Arabia39;s benchmark index gained 0.4, with Americana Restaurants International surging 9.8 its biggest intraday gain since December 2022.

The fastfood restaurant operator in the Middle East and Kazakhstan declared a onetime special dividend alongside a regular annual payout.

Americana, primarily listed on Abu Dhabi bourse, reported fullyear net profit attributable to shareholders of 259.5 million, little changed from 2022.

Separately, Saudi Arabia39;s Modern Mills Company is seeking to raise up to 1.178 billion riyals 314.12 million from its planned initial public offering priced between 44 riyals and 48 riyals a share.

In Abu Dhabi, the index edged up 0.1, helped by an 11.1 jump in Americana Restaurants International.

Dubai39;s main share index added 0.4, with bluechip developer Emaar Properties rising 0.6, while Union Properties advanced 14.9.

Union Properties, which saw its biggest intraday gain since July, on Wednesday recorded an annual net profit of 811 million dirhams 220.82 million, up from 30 million dirhams in 2022.

The Qatari benchmark dropped 0.6, weighed down by a 1.2 fall in Qatar Islamic Bank and a 1.3 decrease in petrochemical maker Industries Qatar.

Data On Tuesday showed U.S. core consumer prices in January stayed…