Gulf markets fall down on Wednesday’s morning ahead of Fed rate decision

Most Gulf stock markets slide in Wednesday’s early trading session as investors worried about another increase in the interest rates from the U.S. Federal Reserve.

Saudi Arabia’s benchmark index shed at 0.2 percent influenced by 2.3 percent decrease Mouwasat Medical Services, while Dubai’s main index fall back at 1.3 percent.

Dubai’s lost hit by a 2.4 percent fall in sharia-compliant lender Dubai Islamic Bank and another 4.3 percent decrease in diversified investment group Dubai Investments.

While, Abu Dhabi index added 0.3 percent and the First Abu Dhabi Bank increased by 0.2 percent.

Elsewhere, the Qatari index eased 0.7 percent, weighed down by a 1.4 percent fall in petrochemical maker Industries Qatar.

Leave a comment