# Most Gulf markets retreat ahead of Fed rate cut decision ## The majority of the Gulf markets closed lower, Tuesday, mirroring the trend in other global markets, ahead of the release of the Federal Reserve’s interest rate decision. The decision, which is widely expected to be a cut, is likely to have a significant impact on the global economy. ## Gulf markets were mixed in early trade, with some markets advancing and some declining. However, the trend turned negative in the afternoon, and most markets closed lower. The Saudi Arabia’s Tadawul All Share Index (TASI) closed down 0.3%, the Abu Dhabi Securities Exchange (ADX) General Index closed down 0.4%, the Dubai Financial Market (DFM) General Index closed down 0.5%, and the Qatar Stock Exchange (QSE) General Index closed down 0.6%. ## Other Gulf markets also closed lower, with the Bahrain Bourse All Share Index (BBSI) closing down 0.3%, the Kuwait Stock Exchange (KSE) All Share Index (ASI) closing down 0.4%, and the Oman Muscat Securities Market (MSM) 30 Index closing down 0.5%.
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