From Finimize: 2024-05-02 15:45:24

Following the US Federal Reserve’s decision to keep interest rates unchanged, Gulf stock markets reacted differently. Saudi Arabia’s index rose thanks to IT and real estate sectors, while Qatar and Abu Dhabi faced declines. Companies like Acwa Power boosted Saudi markets, but Qatar Islamic Bank and First Abu Dhabi Bank suffered losses.

The US Fed’s rate decision had varying impacts on Gulf markets, with Saudi Arabia seeing gains and Qatar and Abu Dhabi experiencing losses. Saudi Basic Industries reported profit drops, while Egypt’s EGX 30 index surged. The diverse market reactions highlight the need for cautious navigation amid international economic influences.

The Gulf markets’ mixed responses highlight the complex economic dynamics and varied investor sentiments in the region. Investors must carefully monitor these trends to seize opportunities and mitigate risks. Understanding the broader regional trends shaping market movements is crucial for making informed investment decisions in the Middle East.



Read more at Finimize: Mixed Reactions In Gulf Markets Following Fed’s Rate Decision