Stock markets in the United Arab Emirates fell in early trade on Sunday amid a resurgence in new coronavirus cases, while other major Gulf markets traded higher.

On Saturday, the United Arab Emirates health ministry reported 1,007 new coronavirus cases, its highest daily number of infections since the start of the pandemic.

Dubai's main share index lost 0.4%, hurt by a 0.9% fall in sharia-compliant lender Dubai Islamic Bank and a 1% drop in blue-chip developer Emaar Properties.

The Abu Dhabi index slipped 0.2%, as telecoms firm Etisalat dropped 0.4%, while the country's largest lender First Abu Dhabi Bank was down 0.2%.

Saudi Arabia's benchmark index rose 0.5%, with Dr Sulaiman Al-Habib Medical Services gaining 4.2%, whereas Al Rajhi Bank firmed 0.3%.

Amongst others, Saudi Electricity Company (SEC) was up 1.1%. SEC, the kingdom's electric transmission monopoly, sold $1.3 billion in dual-tranche green sukuk, or Islamic bonds, the first public green issuance from the region this year. 

The deal comes amid a flurry of debt issues, as Gulf borrowers - particularly governments - seek to plug finances that have been hit by the double blow of the coronavirus pandemic and lower oil prices.

Separately, Saudi Arabian supermarket retailer BinDawood Holding IPO set an indicative price for its initial public offering, seeking to raise as much as 2.19 billion riyals ($583.98 million) in a Riyadh listing. 

The Qatari index gained 0.7%, led by a 10% surge in United Development Company and a 1.1% increase in petrochemical firm Industries Qatar.

($1 = 3.7501 riyals)

(Reporting by Ateeq Shariff in Bengaluru Editing by Alexandra Hudson) ((AteeqUr.Shariff@thomsonreuters.com; +918061822788;))