an investor walks through the dubai financial market after joe biden won the us presidency in dubai united arab emirates november 8 2020 reuterschristopher pike june 14 reuters  most major stock markets in the gulf fell in early trade on tuesday after wall street hit a confirmed bear market milestone on fears aggressive interest rate hikes would push the worlds largest economy into a recession mscis broadest index of asiapacific shares outside japan miapj0000pus extended losses and was down 154 saudi arabias benchmark index tasi slipped 08 hit by a 14 drop in oil giant saudi aramco 2222se and a 09 decline in petrochemical maker saudi basic industries 2010se meanwhile the kingdom announced on monday the lifting of measures that had been taken to prevent the spread of covid19 the state news agency reported citing an official in the interior ministry read more in abu dhabi equities ftfadgi lost 01 extending losses to a 10th session as the emirates largest lender first abu dhabi bank fabad dropped 06 however fertiglobe fertiglobead rose as much as 29 after the company said it was expecting a cash distribution of at least 700 million for the first half of 2022 dubais main share index dfmgi gained 06 buoyed by a 16 jump in dubai islamic bank disbdu and 09 increase in bluechip developer emaar properties emardu elsewhere shuaa capital shuadu jumped 25 after the firm announced completion of leveraged buyout financing facility for the acquisition of allianz marine and logistics services reporting by mohd edrees in bengaluru editing by subhranshu sahu