Funds positive on Gulf equity markets despite oil price slide

* Low correlation between oil price and Gulf markets * October pull-back of stocks reduced high valuations * 47 pct intend to raise equity allocations, 20 pct to cut them * Most positive on Saudi Arabia, UAE * Also bullish towards Egypt as growth accelerates By Azza Al Arabi DUBAI, Oct 30 (Reuters) - Funds are positive on many Gulf stock markets despite the recent slide in oil prices, after sharp pull-backs in the markets improved valuations, the latest monthly Reuters s