FTSE ends up 1 pct; banks rebound, miners rally
* Banks bounce as Dubai debt worries subside
* Miners rally after sell-off as metals gain
* Energy stocks benefit as crude cuts losses
By Tricia Wright
LONDON, Nov 27 (Reuters) - Britain's top share index ended 1 percent higher on Friday, recouping part of the previous session's sharp losses as banks rebounded on subsiding Dubai debt fears while firmer commodity prices aided miners and oils.
The FTSE 100 .FTSE closed 51.60 points higher at 5,245.73, having tumbled 3.2 percent on Thursday -- its biggest one-day percentage drop in eight months.
David Jones, chief market strategist at IG Index, said there was a general feeling that Thursday's sell-off was overdone and that some confidence was restored after U.S. stocks pared losses on Friday after hefty falls earlier in the session.
"People are still maybe a little bit twittery as volumes are quite low in the U.S. because of Thanksgiving. We may have to wait until Monday to be really sure that we're out of the woods, but it's definitely encouraging," he said. Continued...
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