UAE stock indices jump on oil

Dubai: Buoyed by a 6 per cent jump in oil prices, UAE indices extended gains on Sunday led by construction majors.

The Dubai Financial Market General index was up 0.93 per cent on few minutes after opening, while Abu Dhabi Securities Exchange index was also up 0.45 per cent to be at 4,371.50.

Arabtec and Emaar Properties jumped more than a per cent.

Oil rose the most in two months on sliding US inventories. Brent finally ended more than 6 per cent to near the $42 per barrel mark.