Palm Hills Development rose 7.8 percent and SODIC finishes up 3.4 percent.

The benchmark index closed up 0.7 percent.

Elsewhere, Gulf markets were mostly higher.

The Saudi benchmark climbed 0.5 percent, continuing the trend after Sunday’s technical correction.

“We should maintain current levels, and stay above 6,500 until Q2 earning,” said a Riyadh-based fund manager.

“We should stabilize because it seems earnings will be OK, especially the petrochemical sector.”

Oil prices have stayed above $100 a barrel in the second-quarter, indicating healthy margins for petrochemical producers.

Most large-cap stocks rose with bellwether Saudi Basic Industries Corp up 0.2 percent, Al-Rajhi Bank gaining 1.4 percent and Saudi Telecom up 0.8 percent.

Saudi Electricity Company advanced for a third day, on seasonal interest from investors during summer months when utility demand surges.

SEC will get a $13.6 billion, 25-year loan, the state news agency said on Monday.

Oman’s index rose for a third day, up 0.4 percent, as investors picked up stocks on attractive valuations.

“The Omani market needs a trigger; the overall valuations remain attractive,” said Kanaga Sundar, Gulf Baader Capital Markets head of research.

Nawras, Qatar Telecom’s Oman unit, rose 2.5 percent, up from Wednesday’s all time low.

Banks lifted Abu Dhabi’s index to a seven-week high, up 0.3 percent.

Abu Dhabi Commercial Bank and Union National Bank each rose 0.3 percent and National Bank of Abu Dhabi climbed 1.3 percent.

Dubai shares also rose on speculation index compiler MSCI may yet upgrade the UAE to emerging market status.

“It’s just speculation — we saw some buys in Abu Dhabi banks, but other than that it’s just locals playing the MSCI story,” said Matthew Wakeman, EFG-Hermes managing director for cash and equity-linked trading.

“They (UAE) have ticked all the boxes... So we have reason to assume there’s a good chance (for an upgrade).”

Dubai’s index rose 0.4 percent as large-cap stocks supported.

Emirates NBD and Emaar Properties climbed 0.5 percent and 0.7 percent respectively.