Mideast Stocks: Abu Dhabi recovers slightly, Gulf inches up | ZAWYA MENA Edition:
The Abu Dhabi stock market recovered some losses early on Thursday as blue chips rebounded. Other major Gulf markets inched up in quiet trade, getting only a minor boost from Wall Street's sharp rally because oil prices remain low.
Abu Dhabi's index added 0.5 percent, after falling 1.6 percent in the last session. First Abu Dhabi Bank, the largest lender in the United Arab Emirates, gained 1.1 percent and Aldar Properties increased 1.9 percent.
Saudi Arabia's index inched up 0.3 percent in the first hour, with Saudi Basic Industries rising 0.7 percent and Alinma Bank adding 0.8 percent.
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