The Dubai Financial Market General Index rose 0.9 per cent to 4,511.25 at 12:55 pm, rebounding from its lowest close since October 8.
Dubai shares advanced on Monday, ending two days of declines.
Arabtec Holding Co. advanced after winning a contract and Emaar Properties PJSC rebounded from a more than three-year low, while First Gulf Bank PJSC rebounded from a nine-month low.
Arabtec rose 1.9 percent to 13.75 dirhams. The company building the world’s tallest tower in Dubai said a unit won a 664 million-dirham ($181 million) contract from Saba Properties to develop a skyscraper at Jumeirah Lake Towers.
Emaar, the Middle East’s largest real-estate developer, climbed 2.4 percent to 8.26 dirhams.
