Mideast Stocks: Lender FAB pressures Abu Dhabi as major Gulf markets drop | ZAWYA MENA Edition:
All major Gulf stock markets slipped on Thursday amid falling oil prices, while Abu Dhabi led the losses as its top lender First Abu Dhabi Bank (FAB) declined.
Oil prices came under pressure from rising U.S. crude oil stocks and weak factory activity in China, with few bullish factors on the horizon.
Brent crude futures were down 20 cents at $60.41 a barrel by 1156 GMT, erasing earlier gains.
The Abu Dhabi index retreated 1.3%, with FAB shedding 2.7%, its biggest intraday fall since mid-May.
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