Investors are also awaiting the release of monthly US jobs data on Friday and consumer price index data next week.
Traders currently expect 72 percent to reduce interest rates by 25 basis points this month, and reduce them by 80 basis points by the end of next year.
Gulf Cooperation Council countries are usually guided in their monetary policies by decisions Federal Reserve Board Because most of the region’s currencies are tied to the dollar.
The Saudi index gained 0.6 percent, led by Dr. Soliman Abdul Qader Fakeeh Hospital shares, which rose ten percent.
In a separate context, Al Mousa Healthcare Company in the Kingdom said that 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 thanks to a five percent jump in Parkin shares after HSBC raised its rating on the company’s shares and increased its target price to 5.5 from 3.3 dirhams.
The Abu Dhabi index, which also resumed trading after a two-day holiday, increased by 0.3 percent.
The Qatari index fell 0.5 percent, affected by the decline in Qatar Islamic Bank’s stock by 0.9 percent.
Outside the Gulf region, the leading stock index rose in… Egypt 0.7 percent thanks to the increase in Fawry shares for banking services and electronic payment technology.
Bahrain’s main index ended trading up 0.1 percent at 2,036 points.
The main index in Oman also closed up 0.1 percent to 4,578 points.
Kuwait’s main index rose 0.3 percent to 7,796 points.
