The lenders led slide with First Abu Dhabi Bank FAB.AD and Abu Dhabi Islamic Bank ADIB.AD shedding 1.7% and 1.2%, respectively. Most markets in the region traded on the back foot in the previous session in anticipation of a watered-down global growth as priorities shifted from supporting economy to combating decades-high inflation. Most Gulf Cooperation Council countries have their currencies pegged to the U.S. dollar and broadly follow the Fed's policy moves, exposing the region to a direct impact from monetary tightening.