Mideast Stocks: Saudi bourse gains on Fed pause bets, stronger oil; Dubai extends losses
- Date: 30-Aug-2023
- Source: Zawya
- Sector:Financial Markets
- Country:Saudi Arabia
Mideast Stocks: Saudi bourse gains on Fed pause bets, stronger oil; Dubai extends losses
Monetary policy in the six-member Gulf Cooperation Council is usually guided by Fed policy because most regional currencies are pegged to the U.S. dollar