Major stock markets in the Gulf fell in early trade on Thursday during a slowdown in corporate earnings, with the Saudi index set to extend losses for a third session.

Saudi Arabia's benchmark index dropped 0.3%, pressured by a 0.8% decrease in Al Rajhi Bank and a 1% fall in 1.5% in Saudi Telecom Company.

However, Company for Cooperative Insurance advanced 4.2%, after the insurer met analysts' estimates.

Oil prices - a catalyst for the Gulf's financial markets - edged up after sliding in the previous two sessions, with supply worries resurfacing after U.S. President Donald Trump announced a reversal of a license given to Chevron to operate in Venezuela.

Dubai's main share index eased 0.1%, hit by a 1% fall in toll operator Salik Company and a 0.4% decrease in blue-chip developer Emaar Properties.

In Abu Dhabi, the index lost 0.2%.

Separately, UAE investment platform 2PointZero is targeting a stock market listing in Abu Dhabi this year, CEO Mariam bint Mohammed Almheiri said on Wednesday.

The Qatari benchmark dropped 0.5%, on course to fall for a third consecutive session, hit by a 2.8% fall in Qatar Islamic Bank.

(Reporting by Ateeq Shariff in Bengaluru; Editing by Andrew Cawthorne)