Qatar leads Gulf bourses higher on hopes of Fed rate pause

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Qatar leads Gulf bourses higher on hopes of Fed rate pause
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Qatar's stock market closed higher on Sunday, outperforming other bourses in the Gulf region, as expectations of a pause in rate hikes by the U.S. Federal Reserve lifted investor sentiment.

The Fed raised its main interest rate by a quarter point on Wednesday, but signaled it would consider aMost Gulf central banks lifted their rates by a quarter percentage point on Wednesday, mirroring the Fed's rate hike as their currencies are largely pegged to the dollar.

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