Most Gulf markets fall on Fed rate cut concerns
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 17 2024
0mins
Source: Reuters
Gulf Stock Market Trends: Most Gulf stock markets declined due to U.S. economic data and Federal Reserve comments suggesting a slower pace of interest-rate cuts, impacting investor expectations for December's meeting and future easing in 2025.
Sector Performance: Qatar's benchmark index fell, particularly in finance and energy sectors, while Saudi Arabia's index saw a slight increase driven by gains in IT and insurance sectors; Egypt's blue-chip index also dropped, with mixed results among individual stocks.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
