DUBAI: Egypt’s bourse added 1.1 percent after pulling back in the previous two sessions in response to a surprise interest rate hike by the central bank and the deepening crisis in the Palestinian territories.

Commercial International Bank, Egypt’s largest listed lender, was the main support, jumping 3.4 percent.

The bank’s board was due to review its second-quarter results on Tuesday.

Qatar’s index rose 1.3 percent on the back of banks and property firms.

Masraf Al-Rayan added 2.0 percent after net profit rose 12.1 percent in the second quarter, beating analysts’ estimates.

Property developers Barwa Real Estate and United Development added 3.3 and 0.9 percent respectively after the central bank said its real estate price index hit a record high in June 2014, jumping 29 percent year-on-year.

Dubai’s benchmark slid 1.0 percent as builder Arabtec continued to decline and fell 3.4 percent. The stock plunged this week after Arabtec’s key shareholder, Aabar Investments, did not confirm a report which said Aaabar was in talks to increase its stake in Arabtec. Abu Dhabi’s bourse edged down 0.2 percent. Telecom-munications firm Etisalat was the main drag, sliding 1.3 percent.

A new direction for the UAE markets after their recent big swings “hasn’t been defined yet,” said Marwan Shurrab, fund manager and head of trading at Vision Investments, adding that recent moves were based on opportunistic trades seeking to profit from high volatility.