News - Middle East: Gulf stocks gained on Tuesday, with Dubai and Qatar's main indexes rising more than 1% each, as oil prices jumped on increasing supply woes after Libya was forced to halt exports.

Libya's National Oil Corp warned on Monday it could not deliver oil from its biggest oil field, and it shut another field as forces in the east expanded their blockade of the sector over a political standoff.

Saudi Arabia's benchmark index fell 1.1% in its biggest daily percentage loss since Feb. 24.

"The Saudi stock market inched lower today as investors moved to secure their gains after a series of increases," said Farah Mourad, Senior Market Analyst of XTB MENA.

Investment firm Kingdom Holding Company closed up 2%, a day after the company posted higher quarterly profit. Shares of Sulaiman Alhabib fell 1.4% as the company began trading ex-dividend.

The Abu Dhabi index slipped 0.4% while Egypt's blue-chip index. Financials weighed on sentiment in Egypt, with index heavyweight Commerce International Bank Egypt ending 2.8% lower.fell 0.9%.

Dubai's main share index jumped 1.6%, marking its best day since March 28.

The Qatari index recouped initial gains to end 0.6% higher.

Qatar Islamic Bank closed 3.5% higher, while Qatar International Islamic Bank rose 2%. Qatar National Bank was the biggest drag with its nearly 2% drop.

Soure: Reuters