Dubai's bourse closes higher after a slow trading session, while Abu Dhabi and Qatar's markets end near-flat with Gulf investors waiting for a catalyst to justify increasing their risk exposure.
Dubai's index climbs 0.1 percent to 1,547 points, up for a second session in the last seven.
"The market has been in a range for the past few sessions - retail (investors) perceive this level as an accumulation phase," says Nabil Al Rantisi, managing director of MENA Corp. "Retail investors won't sell unless the market moves up or they see selling pressure."
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