From Finimize: 2024-05-02 06:21:25

Gulf stock markets react to US interest rates and oil prices, ending mixed. Abu Dhabi index gains, with Agility Global surging 300%, while Saudi Arabia edges up and Dubai sees modest rises. Qatar index falls slightly. Oil prices remain key for market movements.

Oil prices and US monetary policy impact Gulf markets significantly. Link between energy revenues and financial stability evident. US Federal Reserve decisions affect Gulf economies due to currency peg to USD. Changes in US policy can impact inflation and foreign exchange reserves in the region.



Read more at Finimize: Mixed Reactions In Gulf Markets To Fed’s Rate Decision And Rising Oil Prices