Gulf bourses gain on rising oil prices, Fed rate pause optimism

Most stock markets in the Gulf rose in early trade on Tuesday, tracking oil prices higher, while investors remained cautious ahead of key policy decisions by the US Federal Reserve and other central banks, reports Reuters.
Crude prices - a key catalyst for the region's financial markets - climbed 1.1 per cent on Tuesday, with Brent crude up to $72.61 a barrel, as of 0640 GMT.
In Qatar, the benchmark index rose 0.7 per cent, recouping its losses across three consecutive sessions, with all sectors trading in the green.
Index heavyweights Qatar Islamic Bank QPSC and Ooredoo QPSC gained 1.1 per cent and 2.4 per cent, respectively.
Dubai's benchmark stock index added 0.2 per cent in early trade, supported by gains in most sectors, with Emaar Properties PJSC gaining 0.7 per cent and tolls operator Salik Company PJSC rising 1 per cent.
The Emirate's largest lender Emirates NBD Bank PJSC rose 0.4 per cent.
In Abu Dhabi, the benchmark stock index was up 0.1 per cent, helped by a 1.6 per cent gains in Multiply Group PJSC and 1.2 per cent rise in blue-chip developer Aldar Properties PJSC.