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Reuters
Gulf stock markets mostly rebounded from several days of weakness on Wednesday, encouraged by strong oil prices.
Meanwhile, rising tensions between Saudi Arabia and Iran over instability in Lebanon and the conflict in Yemen have increasingly worried investors.
But Dubai’s index closed 1.0 percent higher as Emaar Properties rebounded 2.6 percent.
GFH Financial, by far the most heavily traded Dubai stock by volume, surged 6.1 percent after saying it had started talks with Saudi Arabian authorities to cross-list its shares in Riyadh.
Saudi Arabia’s index rose 0.7 percent in a broad-based rebound as gainers outnumbered decliners by 140 to 41. Petrochemical investor Alujain jumped its 10 percent daily limit in heavy trade.
Qatar’s index added 0.4 percent as drilling rig provider Gulf International Services, the most heavily traded stock, surged 6.3 percent. It had been trading near eight-year lows.
Abu Dhabi’s index fell 0.9 percent as telecommunications blue chip Etisalat retreated 1.2 percent.