june 1 reuters  major stock markets in the gulf rose in early trade on thursday as a potential pause in us interest rate hikes and the debt ceiling bill passing a crucial vote renewed optimism us federal reserve officials on wednesday pointed towards a potential rate hike skip in june which reversed market expectations of an imminent hike that could slow economic growth and weaken oil demand most gulf currencies are pegged to the us dollar while saudi arabia the united arab emirates and qatar usually mirror monetary policy changes in the united states additionally the us house of representatives passage of a bill suspending the governments 314 trillion debt ceiling improved the chances of averting a disastrous government default saudi arabias benchmark index tasi gained 04 led by a 18 rise in al rajhi bank banking and investment corp 1120se and a 06 increase in oil giant saudi aramco 2222se  separately lucid group inc lcido said it plans to raise about 3 billion through a stock offering nearly twothirds of which will come from saudi arabias public investment fund pif sending shares of the luxury electric vehicle maker down 9 after market hours dubais main share index dfmgi added 01 helped by a 07 rise in toll operator salik company pjsc salikdu  meanwhile dubais ruler on wednesday announced a new plan for the palm jebel ali a manmade palmshaped island that has been dormant since 2009 following a real estate crash and is double the size of the functioning palm jumeirah in abu dhabi the index ftfadgi was up 02 the qatari benchmark qsi added jumped 14 with almost all the stocks in positive territory including qatar islamic bank qpsc qisbqa  which advanced 17