By Ateeq Shariff

April 8 (Reuters) - Stock markets in the Gulf ended higher on Tuesday, rebounding from a global selloff on hopes that the U.S. might be willing to negotiate some of its heavy import tariffs.

Saudi Arabia's benchmark index .TASI advanced 1%, extending gains from the previous session, led by a 1.9% rise in Al Rajhi Bank 1120.SE and a 4.7% jump in Elm Company 7203.SE.

On Sunday, the Saudi index had fallen 6.8%, its biggest one-day slide since the early days of the 2020 COVID-19 pandemic.

The Saudi bourse recovered for the second consecutive day after finding support levels, said Milad Azar, a market analyst at XTB MENA.

"However, a sustained general recovery would require fundamental changes, particularly regarding tariff risks and their potential economic impact."

Dubai's main share index .DFMGI climbed 1.9%, buoyed by a 1.3% gain in blue-chip developer Emaar Properties EMAR.DU and a 2.2% leap in sharia-compliant lender Dubai Islamic Bank DISB.DU.

In Abu Dhabi, the index .FTFADGI added 0.5%.

Oil prices — catalyst for the Gulf's financial markets — steadied but remained near four-year lows as a recovery in equity markets was outweighed by recession fears exacerbated by trade conflicts.

The Qatari index .QSI rose 1.3%; Qatar Islamic Bank QISB.QA gained 2.5% and petrochemical maker Industries Qatar IQCD.QA was up 2.3%.

Outside the Gulf, Egypt's blue-chip index .EGX30 rose 0.6%, supported by a 7.1% jump in tobacco monopoly Eastern Company EAST.CA.

Egypt and France have signed a 7 billion euro ($7.66 billion) agreement to develop finance and operate a green hydrogen production facility, Egypt's transportation ministry said.

($1 = 0.9135 euros)

(Reporting by Ateeq Shariff in Bengaluru; Editing by Sahal Muhammed)

((AteeqUr.Shariff@thomsonreuters.com; +918061822788;))