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DUBAI, Aug 30 (Reuters) - Stock markets in the Gulf edged up in early trade on Tuesday after oil prices and Asian bourses made modest recoveries but trading volumes were thin.
Dubai's index
.DFMGI
climbed 0.1 percent with gainers outnumbering losers 13 to five. Trade mainly focused on speculative shares favoured by short-term local traders; builder Arabtec
ARTC.DU
rose 0.7 percent and GFH Financial
GFH.DU
added 1.7 percent.
But courier Aramex
ARMX.DU
, which had surged 2.3 percent on Monday, retreated 1.7 percent.
Qatar's index
.QSI
gained 0.2 percent. The bourse has been supported over the last several weeks by FTSE's plan to include some major stocks in its secondary emerging market index; an announcement of its picks will come after the close on Wednesday.
Islamic lender Masraf Al Rayan
MARK.QA
, which could make FTSE's list, rose 1.1 percent and another potential beneficiary, telecommunications operator Ooredoo
ORDS.QA
, added 0.6 percent.
Saudi Arabia's index
.TASI
nudged up 0.3 percent after 40 minutes of trade, with just under half of traded shares rising.
Al Tayyar Travel Group
1810.SE
rose 0.6 percent. The company offers services to Islamic pilgrims for the haj, which starts on Sep. 9; as many as 1.5 million external and domestic pilgrims are expected to perform the haj in Mecca this year, roughly the same number as last year, Saudi media reported.
(Reporting by Celine Aswad; Editing by Andrew Torchia and Raissa Kasolowsky) ((celine.aswad@thomsonreuters.com; +971 4 4536886; Reuters Messaging: celine.aswad.thomsonreuters.com@reuters.net))
Dubai's index
But courier Aramex
Qatar's index
Islamic lender Masraf Al Rayan
Saudi Arabia's index
Al Tayyar Travel Group
(Reporting by Celine Aswad; Editing by Andrew Torchia and Raissa Kasolowsky) ((celine.aswad@thomsonreuters.com; +971 4 4536886; Reuters Messaging: celine.aswad.thomsonreuters.com@reuters.net))