Pushed blue-chip stocks of banks and real estate sectors, particularly the Builder Arabtec UAE bourses rise on Sunday, while the Saudi stock market rose thanks to the quarterly business results.
The Dubai Financial Market Index jumped 4.4 percent, with a high Arabtec maximum allowed for one day 15 percent. Included large gains DFM Stock Exchange, which manages the emirate rose 12.6 percent and Union Properties, which rose 10.5 percent.
Shares in Emaar Properties, the largest real estate development company listed on the Dubai two percent and Dubai Islamic Bank 3.1 percent.
And lifted the shares of banks and real estate developers Market General Index of Abu Dhabi, which rose 1.7 percent. Shares in First Gulf Bank 3.1 percent and Bank of Abu Dhabi National jumped 1.7 percent, while Aldar five percent.
UAE bourses and begun to recover this month after the Dubai market fell 22 percent in June, while Abu Dhabi has lost 13 percent due to the sale of Kindle sparked feverish speculation bubble burst and administrative disorder in Arabtec.
At a news conference last week reassured investors that Arabtec projects moving forward, including a project worth 40 billion dollars to build housing in Egypt. Said Julian Bruce, director of equity sales at EFG Bank - Hermes in Dubai The big climb Arabtec today is partly due to the enthusiasm of investors to purchase before boarding the ceiling.
The Dubai government announced on Saturday the launch of a huge project for the recreation area and the hotel includes the largest shopping center in the world, which also contributed to boost morale.
The benchmark Qatar Exchange - which raised the mother. S. CNN. Aye market indices classified with the UAE to emerging market status at the end of May - by 0.4 percent after jumping 7.7 percent in the first three days of July.
Said Sebastian nostalgia head of asset management at The National Investor in Abu Dhabi "in diameter seen a recovery technically strong (last week), but perhaps to climb over the limit, so we are now seeing some profit taking."
The main index rose 0.7 percent, the Saudi market. The company's share of Saudi Basic Industries Corporation (SABIC), the main supporter of the index his rise 1.1 percent after the company proposed a dividend for the first half of 2014 at 2.5 riyals per share, up from two percent last year.
Shares of pasture for dairy products from stocks that supported the index, after the company announced an increase of 8.8 percent in net profit for the second quarter of the year. The company posted a quarterly profit amounted to 433.3 million riyals (115.5 million dollars) in the range of analysts' average forecast of 430.4 million riyals.
The shares rose 1.3 percent, while pasture rose SHB 2.3 percent after the company announced an increase of 28.1 percent in net profit for the second quarter. The company posted a profit of 480.3 million riyals, an increase of 6.9 percent from the average forecast of analysts.
The main index of the Egyptian stock exchange was up 0.8 percent after the government sharply cut fuel subsidies, which eases the burden on the public budget.
Although such a move that raised the prices of gas between 30 and 75 percent, possibly shrinking profits of some companies, however, investors see it as a sign that the new president Abdel Fattah al-Sisi is able to implement the necessary reforms unpopular.
The KSE index fell 0.3 percent after it called on opposition supporters to protest new year on Sunday.
Investors say that the political tensions among the causes of the poor performance of the Kuwait compared to stock markets in the region this year.
In Oman rose GECS 1.2 percent after the company won a contract worth 105 million dollars for the construction of a road in the country. The deal showed that the company was still able to win government contracts after the prison where former officials on corruption charges earlier this year.
The following closure of the stock market indices in the Middle East:
Dubai .. index jumped 4.4 percent to 4594 points.
Abu Dhabi .. The index rose 1.7 percent to 4849 points.
Qatar .. The index fell 0.4 percent to 12334 points.
Saudi Arabia .. The index rose 0.7 percent to 9752 points.
Kuwait .. index fell 0.3 percent to 6981 points.
Egypt .. The index rose 0.8 percent to 8322 points.
Bahrain .. The index fell 0.1 percent to 1426 points.
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