Tadawul All-Share Index

the largest listed real estate developer, Emaar Properties, to 7.83 dirhams also helped to carry Dubai’s index 1.2 percent higher.

The stock has been strong since last week when Emaar said it planned to distribute funds from a listing of its local real estate developer to shareholders. A second straight close above technical resistance at its December peak of 7.79 dirhams would confirm a break and target resistance at the April 2015 high of 8.39 dirhams.

In Abu Dhabi, its largest listed developer Aldar Properties was also strong, gaining 4.4 percent to its highest closing price since late March.

Dana Gas finished flat; the gas explorer has soared 48 percent this month on news that it received a portion of its overdue payments from Egypt and on hopes for its legal efforts to recover money from Iraqi Kurdistan. The Abu Dhabi index added 0.3 percent.