MIDEAST STOCKS-Most Gulf markets open lower on financials, property shares | Reuters

MIDEAST STOCKS-Most Gulf markets open lower on financials, property shares | Reuters:

Gulf markets opened lower on Wednesday as financials weighed on Abu Dhabi and Saudi Arabian shares, while Qatar and Dubai were slightly down.

Abu Dhabi’s index was down 0.5 percent, pulled down by a 0.4 percent drop in First Abu Dhabi Bank (FAB) and a 0.6 percent decline in Emirates Telecom (Etisalat).

Saudi Arabia shares index were down 0.3 percent with Samba Financial Group falling 1.7 percent and National Commercial Bank shedding 0.8 percent.