Gulf stock markets ended higher on Monday as hopes for a potential interest rate cut by the U.S. Federal Reserve boosted investor sentiment.
In Saudi Arabia, the main index rose by X%, supported by gains in the banking and petrochemical sectors. The Saudi market has been closely watching for any signals from the Fed regarding its monetary policy stance.
Similarly, the Dubai index closed X% higher, with real estate and banking stocks leading the gains. Investors in the UAE are also monitoring the Fed's upcoming decisions closely.
Abu Dhabi's main index also saw a positive trend, closing X% higher, driven by strong performances in the energy and industrial sectors. The market sentiment was buoyed by the possibility of a Fed rate cut.
Qatar's index ended the day X% higher, with telecom and banking stocks contributing to the positive performance. Investors in Qatar are optimistic about the potential impact of a Fed rate cut on global markets.
Overall, the Gulf bourses displayed a positive outlook on Monday, reflecting the growing expectations of a Fed rate cut. Investors are closely following developments in the U.S. economy and monetary policy decisions as they assess the potential implications for regional markets.
