Saudi Arabia stock market report- Jan 1, 2024

Saudi Arabia’s stock market rose on Monday, starting 2024 on a positive note, on expectations of interest rate cuts by the U.S. Federal Reserve this year, while the region’s other major markets were closed.

Markets expect the Federal Reserve to start cutting interest rates in March, according to the CME FedWatch tool, a shift from assumptions last month.

Monetary policy in the six-member…