register now for free unlimited access to reuterscom register bahraini traders are seen at bahrain bourse in manama bahrain november 4 2020 reutershamad i mohammed sept 14 reuters  gulf bourses fell on wednesday mirroring global markets concerned about another big us federal reserve rate hike stock markets were in a sober mood after the us august inflation report dashed hopes that the fed could scale back its rate policy tightening in the coming months investor sentiment in the gcc was also subdued as the report fuelled bets that interest rates may have to be raised higher for longer most gcc currencies are pegged to the us dollar and broadly follow the feds policy moves meanwhile oil prices fell 04 to 9279 a barrel by 0407 gmt despite a robust opec oil demand growth forecast saudi arabias benchmark index tasi fell 13 with financial and property stocks leading the losses luxury developer retal urban development company 4322se fell more than 2 and lender al rajhi bank 1120se dropped 19 oil behemoth saudi aramco 2222se was also down 07 a day after recording its biggest intraday surge in nearly three months on the back of saliks ipo plan the dubai index dfmgi fell 09 dragged by financial and property stocks dubais largest lender emirates nbd bank enbddu and emaar properties emardu shares slid 23 and 18 respectively banking shares also dragged abu dhabi ftfadgi 02 lower as it ended a five day rally with the countrys largest lender first abu dhabi bank fabad losing 14 abu dhabi national energy company taqa taqaad shares surged 124 after multiply group multiplyad acquired a 73 stake in the group in a deal worth 10 billion dirhams 272 billion multiply group was up 16 in qatar the benchmark index qsi was down 17 with almost all its constituent in negative territory banks fell the most with the gulfs largest lender qatar national bank qnbkqa down 25 reporting by shamsuddin mohd in bengaluru editing by alexander smith