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Investors are also looking ahead to the release of monthly US employment data on Friday and consumer price index data next week.
Traders currently expect 72 percent to cut interest rates by 25 basis points this month and by 80 basis points by the end of next year.
The countries of the Gulf Cooperation Council usually follow decisions in their monetary policy Federal Reserve Board Because most of the region’s currencies are pegged to the dollar.
The Saudi index gained 0.6 percent, led by shares of Dr. Soliman Abdul Kader Fakih Hospital, which rose 10 percent.
In a separate context, the Kingdom’s Al-Mousa Healthcare said it plans to raise up to 1.688 billion riyals ($449.15 million) from the sale of a 30 percent stake in the company through an initial public offering on the Riyadh Stock Exchange, it said on Wednesday.
The Dubai index, which resumed trading after a two-session break, rose 0.1 percent on the back of a 5 percent jump in Parkin shares after HSBC upgraded the company’s stock rating and raised its price target to 5.5 from 3.3 dirhams.
The Abu Dhabi index, which also resumed trading after a two-day break, rose 0.3 percent.
The Qatari index fell 0.5 percent, under the influence of a 0.9 percent decline in the shares of the Qatar Islamic Bank.
Outside the Gulf region, the leading stock index rose in… Egypt 0.7 percent thanks to the increase in the shares of Favrij for banking services and electronic payment technology.
Bahrain’s main index ended up 0.1 percent at 2,036 points.
Oman’s main index also closed down 0.1 percent at 4,578 points.
Kuwait’s main index rose 0.3 percent to 7,796 points.