Stock markets in the United Arab Emirates were mixed on Friday, as hopes that declines in copper and other commodities could put a brake on runaway inflation eased economic growth concerns.

In Abu Dhabi, the equities (FTFADGI) eased 0.1%, with the country's biggest lender First Abu Dhabi Bank (FAB.AD) losing 0.3%.

The index fell 2.3% in the week to June 24, down for a third week in a row.

The week has been marked by steep declines in commodities on concern that interest rate hikes will hurt growth, which is prompting traders to pare back some bets.

The main share index (DFMGI) in Dubai added 0.1%, helped by a 1.4% rise in blue-chip developer Emaar Properties (EMAR.DU).

However, the index registered a weekly loss of 1.8%, its third week of losses.

Oil prices, a key catalyst for the Gulf's financial markets, rose by more than $1 a barrel supported by tight supply, although crude was heading for a second weekly fall on concern that rising interest rates could push the world economy into recession.

(Reporting by Ateeq Shariff in Bengaluru; Editing by Shinjini Ganguli)