Aug 28 - Gulf stock markets put in a mixed performance early on Monday as a boost from higher oil prices was offset by concerns that the U.S. Federal Reserve could hike interest rates again.
Monetary policy in the six-member Gulf Cooperation Council is usually guided by Fed policy because most regional currencies are pegged to the U.S. dollar. Saudi Arabia's benchmark stock index inched up 0.1% to extend gains to a third session in a row with financials and material stocks leading a broader rise across most sectors. Saudi Arabia's second-largest lender by assets Al Rajhi Bank was 0.3% higher and food retailer Savola Group was up 1.8%.
Dubai's main share index gained 0.2%, supported by higher financial and property stocks as Emirates NBD Bank rose nearly 0.6% and blue-chip developer Emaar Properties added 0.8%.
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