The benchmark climbed 3.8 per cent to 1,692 points, ending a four-session losing streak that led to Monday's eight-week closing low.

Emaar Properties jumped 8.3 per cent and Arabtec surged 11.4 per cent after each suffering major declines the day before.

"East Asia markets were up strongly today and that gave Gulf stocks an excuse to move higher, especially with oil prices creeping above $60, but I'm not sure how long this will last," said Sanyalaksna Manibhandu, Emaar Saudi Financial Services head of research. "It will depend on the results season around the world."

Meanwhile, Abu Dhabi's benchmark made its largest one-day gain for a month, ending higher for the first session in three in a region-wide surge in equities as oil prices steadied above the psychologically important $60 mark.

The benchmark rose 1.8 per cent to 2,607 points, with volumes hitting a four-session high.

Emirates Telecommunications Corp (Etisalat) climbed 2 per cent, Aldar Properties rose 4 per cent and Abu Dhabi Commercial bank added 3.6 per cent.

"US markets started to rally yesterday after analysts said banking results should be better than anticipated, giving investors across the globe an excuse to come back in," said Manibhandu.