Most Gulf bourses gain on Tuesday

Most stock markets in the Gulf advanced on Tuesday, with the Saudi index snapping a four-day losing streak to increase by 0.5 percent bolstered by a 2.3 percent rise in the Saudi National Bank.

Dubai’s main share index added 0.7 percent driven by a 1.6 percent rise in blue-chip developer Emaar Properties and a 1.3 percent advance in sharia-compliant lender Dubai Islamic Bank.

Elsewhere, Abu Dhabi’s index increased by 0.4 percent, helped by a one percent gain in International Holding Co, after the conglomerate said it decided to acquire 15 percent stake in Burjeel Holdings through a unit.

On the other hand, Qatari index closed at increase of 0.6 percent higher, with petrochemical maker Industries Qatar climbing 2 percent.