Arabtec gains; UAE mkts mixed

Dubai's contractor Arabtec gains after saying it won a 2.3 billion riyals ($631.76 million) contract from Qatar's Msheireb Properties and most Gulf markets edge higher.

Shares in Arabtec are up 1.7 percent. Dubai's index gives back early-session gains and now trades flat.

Abu Dhabi's benchmark climbs 0.2 percent to 2,682 points, extending year-to-date gains to 11.6 percent.

Banks support with First Gulf Bank and Abu Dhabi Commercial Bank rising 1.9 and 0.7 percent respectively.

In Kuwait, the bourse ticks up 0.01 percent to 5,907 and Oman's index adds 0.15 percent to 5,572 points.