UAE bourses close higher

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STOCKS REPORT: Emaar rebounded after closing 3.8 percent lower on Monday. (Getty Images)

Dubai's bluechip stocks helped push the main index 1.8 percent higher to 2,029 points.

Emirates NBD gained 4 percent, while Emaar Properties climbed 2.9 percent.

DP World rose 3.6 percent, after saying it is not in stake sale talks. Abu Dhabi's bourse edged 0.2 percent higher to 3,001 points. Union National Bank and Abu Dhabi Commercial Bank gained 5.4 percent and 5.9 percent respectively.

Banks weighed on Qatar's index, which closed 0.4 lower at 7,046 points.

Qatar National Bank fell 1 percent, while Masraf Al Rayan dropped 0.8 percent.

Bahrain's benchmark edged 0.1 percent higher to 1,522 points.

United Gulf Bank soared 6.7 percent.

Kuwait's bourse ended 0.5 percent higher, despite Zain dropping 3.1 percent.

Oman's benchmark gained 0.7 percent to 6,601 points amid bullish sentiment but thin volumes.

Most stocks ended higher, but gains were partly offset by heavyweights Bank Muscat and Omantel which both dropped 0.8 percent.

In Abu Dhabi, the index edged 0.3 percent higher to 3,004 points. Aabar was among the strongest stocks, rising 1.2 percent.

First Gulf Bank retreated 0.9 percent, the only decliner on the index in early trading.

Saudi Electric rose 2 percent, pushing Saudi Arabia's index higher for a fourth trading day in a row.

State-controlled Saudi Electric has been granted another 10-year reprieve on paying dividends to the government.

The renewal will save the company hundreds of millions of riyals per year.

The kingdom's benchmark climbed 0.6 percent to 5,857 points.

Al Rajhi Bank fell 0.7 percent. (Reuters)

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