Gulf markets rise after the rise in oil prices

Stock markets in the Gulf rose in early trade on Sunday backed by strong oil prices and positive corporate results.

And Brent crude record a new high for 2015 of $ 66.93 a barrel on Thursday after the close of the Gulf markets. On Friday it came down a little rough to $ 66.46 a barrel.

The Dubai index rose 0.2 percent to 4239 points in early trading today to near important resistance technically at the level of average trading over the 200 days of 4248 points.

Shares of Gulf Finance House, the Bahraini most heavily jumped 3.1 percent after the company announced it would buy commercial center in the city of Jeddah in Saudi Arabia compared to 180 million riyals ($ 48 million).

Climbed health care company in the Municipality of two percent after it announced the signing of an agreement for the purchase of a large stake in a Saudi health care company. The company did not disclose the name or other details.

Abu Dhabi's index rose 0.6 percent with most of the rise of blue chip stocks.

Qatar's index rose 0.1 percent and was the main source of support for Al Rayan Bank and achieved a 0.9 percent gain.