Most stock markets in the Gulf ended higher on Tuesday as investors await key U.S. economic data due later in the week.
Inflation data from several major economies and manufacturing figures out of China are in focus this week. Most closely monitored will be Thursday's release of the U.S. personal consumption expenditures price index, which the Federal Reserve uses to track its 2% inflation target.
Markets have already pushed out the potential timing of first easing of rates from May to June, with the current probability priced at around 70%. Futures imply a little more than three quarter-point cuts this year, down from five at the beginning of the month.
Most Gulf currencies are pegged to the dollar and any monetary policy change in the United States is usually followed by Qatar, the United Arab Emirates and Saudi Arabia.
Saudi Arabia's benchmark index (.TASI), opens new tab gained 0.6%, led by a 0.5% rise in Al Rajhi Bank (1120.SE), opens new tab and a 2% increase in Saudi Arabian Mining Co (1211.SE), opens new tab.
In Abu Dhabi, the index (.FTFADGI), opens new tab added 0.3%.
Dubai's main share index (.DFMGI), opens new tab advanced 1.2%, with top lender Emirates NBD (ENBD.DU), opens new tab jumping 4%.
Separately, the Dubai government is selling a 24.99% stake in Parkin, which oversees public parking operations in the emirate, through an initial public offering in the emirate's first privatisation deal this year, Parkin said in a statement on Tuesday.
The Qatari benchmark (.QSI), opens new tab finished 0.5% higher, as most of its constituents were in positive territory including Qatar Islamic Bank (QISB.QA), opens new tab, which was up 1.1%.
Outside the Gulf, Egypt's blue-chip index (.EGX30), opens new tab rose 0.9%.
Egypt's international bonds soared and its currency forwards strengthened on Monday, extending a sharp rally after it signed a $24 billion investment deal with the United Arab Emirates centred on a real estate development on the Mediterranean coast.
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