DUBAI - Gulf stock markets were mainly in positive territory on Thursday, with Saudi Arabia's index continuing to rebound after several days of profit-taking.

The Saudi index was up 0.6 percent, with United International Transportation Co up 2.2 percent and loss-making Saudi Arabian home furnishings maker Al Sorayai Trading climbing 2.2 percent.

The stock has climbed since the company said on Tuesday that chief executive Waiel bin Saad al-Rashid had resigned immediately for personal reasons, with a replacement to be announced later.

The Abu Dhabi index also gained 0.6 percent, with Abu Dhabi National Energy Co (TAQA) climbing 2.4 percent, taking its surge since March 13 to 11.5 percent.

As part of a shake-up of Abu Dhabi's energy sector, announced last month, TAQA effectively now comes under the department of energy.

The Qatari index was 0.7 percent higher. Commercial Bank was the largest gainer, climbing by 3.4 percent.

Dubai's index slipped 0.3 percent, with Emirates NBD, Dubai's largest bank, falling 3.3 percent.

 

(Reporting by Tom Arnold; Editing by Angus MacSwan)