jan 30reuters  most gulf stock markets closed lower on mondaytracking global peers as looming interest rate hikes by major central banks including the us federal reserve weigh on investor sentiments while abu dhabi bucked the trend investors expect the fed will raise rates by 25 basis points on wednesday and any deviation from that script would be a real shock most gulf currencies are pegged to the us dollar while saudi arabia the united arab emirates and qatar usually mirror us monetary policy changes the benchmark index tasi in saudi arabia lost 03 ending its seven sessions of gains the index was weighed down by losses in financial and material sector stocks with al rajhi bank 1120se falling 04 and riyad bank dropping 19 among other stocks saudi national bank 1180se and saudi basic industries fell 2 and 06 respectively in abu dhabi the index ftfadgi ended 07 higher after tumbling more than 3 to hit a sixmonth low the index was lifted by a 42 gain in integrated utility firm abu dhabi national energy taqaad and a 52 rise in telecoms provider emirates telecommunications eandad while conglomerate international holding company ihcad recovered its early losses and ended flat its subsidiaries alpha dhabi holding alphadhabiad and multiply group multiplyad recouped only partially closing lower 29 and 42 respectively after they both plunged 10 separately ihc said on monday it will invest 14 billion dirhams 38117 million in indias adani enterprises adelns followon public offer dubais benchmark index dfmgi lost 08 hurt by a decline in industrial and heavyweight real estate sectors with emaar properties emardu falling 21 and toll operator salik salikdu declining 31 the qatari stock index qsi fell 03 with most of its constituent stocks were in negative territory the gulfs biggest lender qatar national bank qnbkqa fell 05 and masraf al rayan markqa dropped 51 on weak earnings the lender posted a more than 22 slump in fullyear net profit outside the gulf egypts bluechip index egx30 declined 22 snapping its 12session rally the index was dragged down by losses in almost all its constituent stocks telecom egypt dropped 71 and talaat mostafa tmghca and efg hermeshrhoca declined 33 and 29 respectively