Page 107 - Salik PR Report July 2024
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7/17/24, 11:07 AM Mideast Stocks: Gulf bourses end mixed on US rate cut hopes, falling oil
Image used for illustrative purpose. A trader monitors stocks at a Saudi Bank in Dammam. Stringer, Reuters
EQUITIES
Mideast Stocks: Gulf bourses end mixed on US rate
cut hopes, falling oil
Markets have now fully priced in a quarter-point rate cut from the U.S. central bank in
September
Ateeq Shariff, Reuters News
July 17, 2024
Stock markets in the Gulf ended mixed on Tuesday as comments from Federal Reserve Chair Jerome
Powell boosted bets for a September rate cut, although the a decline in oil prices weighed on investor
sentiment.
https://www.zawya.com/en/markets/equities/mideast-stocks-gulf-bourses-end-mixed-on-us-rate-cut-hopes-falling-oil-d0f1t48b 1/3
