AGL 38.50 Decreased By ▼ -0.06 (-0.16%)
AIRLINK 211.10 Increased By ▲ 3.33 (1.6%)
BOP 9.85 Decreased By ▼ -0.21 (-2.09%)
CNERGY 6.49 Decreased By ▼ -0.59 (-8.33%)
DCL 9.60 Decreased By ▼ -0.39 (-3.9%)
DFML 39.75 Decreased By ▼ -1.39 (-3.38%)
DGKC 99.00 Decreased By ▼ -4.46 (-4.31%)
FCCL 34.75 Decreased By ▼ -1.60 (-4.4%)
FFBL 87.75 Decreased By ▼ -3.84 (-4.19%)
FFL 13.93 Decreased By ▼ -0.67 (-4.59%)
HUBC 132.00 Decreased By ▼ -7.43 (-5.33%)
HUMNL 14.00 Decreased By ▼ -0.10 (-0.71%)
KEL 5.63 Decreased By ▼ -0.34 (-5.7%)
KOSM 7.28 Decreased By ▼ -0.58 (-7.38%)
MLCF 46.00 Decreased By ▼ -1.28 (-2.71%)
NBP 66.38 Decreased By ▼ -7.38 (-10.01%)
OGDC 217.50 Decreased By ▼ -5.16 (-2.32%)
PAEL 38.02 Decreased By ▼ -0.09 (-0.24%)
PIBTL 8.81 Decreased By ▼ -0.46 (-4.96%)
PPL 196.00 Decreased By ▼ -9.85 (-4.79%)
PRL 39.59 Decreased By ▼ -0.26 (-0.65%)
PTC 25.70 Decreased By ▼ -0.92 (-3.46%)
SEARL 101.15 Decreased By ▼ -9.09 (-8.25%)
TELE 9.06 Decreased By ▼ -0.17 (-1.84%)
TOMCL 36.50 Decreased By ▼ -1.71 (-4.48%)
TPLP 13.86 Increased By ▲ 0.09 (0.65%)
TREET 25.15 Decreased By ▼ -1.30 (-4.91%)
TRG 58.30 Decreased By ▼ -2.24 (-3.7%)
UNITY 33.78 Decreased By ▼ -0.36 (-1.05%)
WTL 1.74 Decreased By ▼ -0.14 (-7.45%)
BR100 11,960 Decreased By -338.7 (-2.75%)
BR30 37,549 Decreased By -1328 (-3.42%)
KSE100 111,272 Decreased By -3589.1 (-3.12%)
KSE30 34,913 Decreased By -1283.1 (-3.54%)

DUBAI: Most stock markets in the Gulf ended higher on Wednesday as investors assessed the prospects of a pivot in policy tightening by major central banks in early 2023 especially after the latest US data showed a slowdown in inflation.

The US consumer price index increased 0.1 percent last month, 0.2 percentage points slower than economists expected. In the 12 months through November, headline CPI climbed 7.1 percent - its slowest pace in about a year.

All eyes are now on the US Federal Reserve’s policy decision due later in the day. While a 50-basis-point hike to a range of 4.25 percent to 4.5 percent is almost fully priced in, investors will be looking for clues on the future pace of hikes as well as commentary on the economy. Most Gulf currencies are pegged to the dollar and Qatar, Saudi Arabia and the United Arab Emirates usually mirror any monetary policy change in the United States.

Comments

Comments are closed.