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Major stock markets in the Gulf were mixed in early trade on Wednesday, ahead of an expected U.S. interest rate hike later in the day, while the Qatari index advanced on broad-based gains.
Most stock markets in the Gulf ended lower on Wednesday, ahead of an expected Federal Reserve interest rate hike later in the day, with the Saudi index registering its biggest intraday fall in nearly two months.
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The Qatar Central Bank said on Wednesday that it will continue with the current interest rates for the deposit, lending, and repo rates after assessing current monetary requirements.
Qatar's central bank said it increased its deposit, lending and repo rates by 25 basis points effective May 4, a statement said on Wednesday.
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The United Nations will stay in Afghanistan to deliver aid to millions of desperate Afghans despite the Taliban's restrictions on its female staff, but funding is drying up, U.N. Secretary-General Antonio Guterres said on Tuesday.