Dubai led gains across most Gulf stock markets yesterday while falling oil prices weighed on Saudi Arabia’s index.
Dubai’s benchmark stock index climbed 3pc, supported by broad-based gains and rebounding from losses in the previous session.
Blue-chip developer Emaar Properties gained 4.4pc, while Dubai’s largest lender, Emirates NBD , added 3.5pc.
The Abu Dhabi benchmark index advanced 0.9pc, with most constituents trading higher.
Gains were led by healthcare, real estate and technology shares.
Aldar Properties jumped 3pc, while Alpha Dhabi climbed 2.5pc after the conglomerate reported an 82pc surge in first-quarter net profit.
Adnoc Logistics rose 2.2pc, Adnoc Gas gained 2.1pc, Adnoc Distribution added 1.9pc and Adnoc Drilling was up 1.6pc.
The Qatari benchmark index climbed 1.4pc, as almost all stocks traded higher. Industries Qatar gained 3.2pc, while Qatar National Bank , the region’s largest lender, added 1.7pc.
Saudi Arabia’s benchmark stock index slipped 0.4pc, dragged down by energy, utilities and communications stocks.
Saudi Aramco dropped 2.8pc and Saudi Basic Industries lost 2.1pc.
Outside the Gulf, Egypt’s blue-chip index advanced 2pc to a fresh record high of 53,605, with most stocks higher.
Commercial International Bank rose 2.5pc, while Fawry for Banking Technology jumped 4.4pc.
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