Most Gulf markets rise on US rate cut bets; Qatar retreats – Markets

Most stock markets in the Gulf ended higher on Tuesday on bets that the U.S. Federal Reserve will start to cut interest rates early this year, although the Qatari index retreated on profit-taking.

Monetary policy in the six-member Gulf Cooperation Council (GCC) is usually guided by Fed decisions as most regional currencies are pegged to the U.S. dollar.

Saudi Arabia’s benchmark index gained…