Qatar's bourse continued to outperform the region on Thursday but failed to break through major technical resistance.
Meanwhile, Ahli United Bank lifted Bahrain's stock market on news it might be sold or merge.
Qatar's bourse led gains in the Gulf on Wednesday, followed by markets in the UAE, although trading in Dubai was thin. Weak earnings from petrochemicals weighed on Saudi Arabia.
The main Qatar index rose 1.1 percent to 12,454
Dubai Financial Market (DFM), one of the region's leading bourses, said foreign investors bought stocks worth Dh44.7 billion ($12.2 billion) during the first quarter of 2014, comprising 40.5 per cent of the total traded value.
Top Gulf stock markets, Qatar and the UAE, have posted significant gains since the release of the provisional list by MSCI in June 2013, according to experts.
Having improved in both size and liquidity, many stocks from thes
Middle East fund managers are willing to buy most of the region's main equity markets on dips, believing corporate earnings and balance sheets will continue improving this year, a monthly Reuters survey shows.
Egypt's financial market regulator, seeking to attract capital back to the stock market, has released rules to facilitate the creation of index and real estate funds as well as amendments to margin trading rules.
Middle East fund managers remain bullish on most of the region's major equity markets, but some are shifting money from the UAE to less richly valued markets, a monthly Reuters survey of the region shows.
The survey of 1
World shares were at a six-year high on Tuesday following a record peak on Wall Street, while moves by China to stamp out easy betting on the yuan triggered the currency's biggest drop in over three years.
The upbeat mood amon
Egypt's bourse surged to a five-year high after a local newspaper reported that discussions over a new presidential election law would begin on Wednesday, while Dubai's shares fell in profit-taking after mixed earnings reports.
Bahrain Bourse said on Monday that its chief executive officer Fouad Abdul Rahman Rashid will retire in March after 11 years in the role.
Rashid informed the board of his decision to retire at the stock exchange's last directo