DUBAI: Bourses in Dubai and Bahrain rebounded on Thursday in line with global markets, but Abu Dhabi and Egypt continued to slide, although at a slower pace, as many investors appeared to be taking extended breaks for the Eid Al-Adha holiday.

Markets across the region had dropped on Wednesday as global equities came under pressure from worries about economic growth. But indications that the US Federal Reserve may be cautious about hiking interest rates triggered an overnight turnaround on major international markets.

“We are following global markets, nothing more, nothing less,” said Sebastien Henin, head of asset management at The National Investor in Abu Dhabi, referring to Dubai stocks.

Dubai’s index added 0.9 percent. Emaar Properties, up 1.8 percent, was the main support, while builder Arabtec jumped 4.7 percent.

Arabtec shares have jumped and then retreated repeatedly over the last few months on rumors that Abu Dhabi state fund Aabar Investments, a major shareholder, would buy the stake owned by Hasan Ismaik, who abruptly resigned from his position as Arabtec chief executive in June.

Although Ismaik has confirmed he was in talks to sell the stake.

no deal has been announced yet.

Bahrain’s bourse edged up 0.2 percent and Abu Dhabi’s benchmark slipped 0.1 percent after gaining 0.3 percent earlier in the session.

Egypt’s main index edged down 0.4 percent, largely because of Commercial International Bank, which fell 0.7 percent.