Dubai: UAE markets gain as investors seem to be buoyed by the positive trends in global markets and economic outlook.

The Dubai Financial Market index advanced 1.16 per cent to 1665.79. Of 27 stocks traded, 18 closed higher, four retreated and five remained flat. Real estate stocks were among that major gainers, with Emaar advancing 2.72 per cent to Dh2.64. Arabetc, Air Arabia, Dubai Investment Company climbed 3.15 per cent to Dh2.62, 2.11 per cent to Dh0.97 and 1.74 per cent to Dh1.17.

The Abu Dhabi Securities Exchange Index closed 0.91 per cent higher at 2616.13. Of 26 stocks traded, 26 advanced, 13 declined and five remained unchanged.

Dana Gas maintained its momentum, surging 6.38 per cent to Dh1.00. Aldar and Sorouh were up 3.69 per cent to Dh3.93 and 2.14 per cent to Dh2.86.