UPDATE 8: Bluechips help push Dubai 1.8% up to 2,029 points, while Abu Dhabi edges 0.2% higher.
Dubai's bluechip stocks helped push the main index 1.8 percent higher to 2,029 points.
gained 4 percent, while
climbed 2.9 percent.
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
gained 5.4 percent and 5.9 percent respectively.
Banks weighed on Qatar's index, which closed 0.4 lower at 7,046 points.
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
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
which both dropped 0.8 percent.
In Abu Dhabi, the index edged 0.3 percent higher to 3,004 points.
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)