an investor monitors a screen displaying stock information at the abu dhabi securities exchange june 25 2014 june 15 reuters  most major gulf equities were subdued in early trade on wednesday ahead of the us federal reserves policy meeting with many fearing a drastic action would risk tipping the world into recession investors have dramatically raised their bets that the fed will raise interest rates by 75 basis points bps rather than 50 bps on wednesday a swing in expectations that has fuelled a violent selloff across world markets read more in abu dhabi the index ftfadgi lost 03 hit by a 12 fall in telecoms firm emirates telecommunications group etisalatad and a 01 decrease in the countrys biggest lender first abu dhabi bank fabad the qatari index qsi retreated 05 weighed down by a 3 fall in commercial bank combqa saudi arabias benchmark index tasi however bucked the trend to trade 06 higher with al rajhi bank 1120se rising 07 and banque saudi fransi 1050se advancing 24 oil prices a key catalyst for the gulfs financial markets edged up after the organization of the petroleum exporting countries opec stuck to its forecast that world oil demand will exceed prepandemic levels in 2022 saudi arabias consumer price index rose 22 in may from a year earlier government data showed on wednesday slowing from a 23 pace in april read more reporting by ateeq shariff in bengaluru editing by uttareshv