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Gulf shares end mixed; US Fed

officials comments in focus

By Md Manzer Hussain
June 20, 20245:01 PM GMT+4Updated 21 hours ago

A general view shows the Dubai Financial Market after Joe Biden wins U.S. presidency, in Dubai, United Arab
Emirates November 8, 2020. REUTERS/Christopher Pike/File Photo Purchase Licensing Rights, opens new tab
June 20 (Reuters) - Major stock markets in the Gulf were mixed on Thursday amid

steady oil prices, while investors awaited commentary from U.S. Federal Reserve
officials to firm up bets on interest rate cuts this year.

Oil prices, a catalyst for the Gulf's financial markets, rose 0.4% on geopolitical
developments in the Middle East ahead of U.S. inventory data, with Brent trading at

$85.41 a barrel by 1200 GMT.

The Qatari benchmark index (.QSI), opens new tab was up 0.2%, extending its gains for
the thirteenth session, the longest rally in nearly a year.

https://www.reuters.com/world/middle-east/gulf-shares-end-mixed-us-fed-officials-comments-
focus-2024-06-20/