Stock markets in Saudi Arabia and Dubai bucked the global bearish trend Monday, while bourses in other Gulf Arab nations plummeted. Saudi Arabia's Tadawul Index rose by 1.07 percent, closing at 5, 988.18 points. Petrochemical giant Saudi Basic Industries advanced 4.57 percent higher to 85.75 Saudi riyal (22.86 U.S. dollars), while Saudi construction related shares lost. In the United Arab Emirates (UAE), Dubai's DFM Index ended up 0. 31 percent higher at 1,518.11 points. Dubai was partly lifted by construction giant Arabtec, whose shares climbed 2.07 percent higher and closed at 1.97 dirham (0.54 U.S. dollar). Earlier in the day, Arabtec said in a statement that its subsidiary Target Engineering Construction Company was awarded three projects in Abu Dhabi worth 747 million dirhams (203.3 million dollars) at the Ruwais Refinery Expansion Project. The UAE's Abu Dhabi Securities Exchange declined by 0.27 percent, closing at 2,530.96 points with International Fish Farming Holding Company, dubbed Asmak, plummeting 10 percent to 9. 72 dirhams. The Bahrain Stock Exchange declined to a new year-low. Its Bahrain All Share Index closed at 1,409.00 points, down 0.47 percent. Shares of Bahrain's Islamic bank Gulf Finance House ended unchanged at 0.14 dollar. Kuwait's KSE Market Index declined by 0.65 percent to 6,664.7 points and the Qatar Exchange Index in Doha ended 0.19 percent down at 6,761.60 points. 