March 22Reuters Most Stock markets in the Gulf rose in early trade on Wednesday, mirroring gains in global peers ahead of the U.S. Federal Reserve39;s interest rate decision, as worries on a banking crisis eased.

The markets are awaiting the outcome of the central bank meeting on Wednesday, with most analysts expecting the Fed to raise rate by 25 bps and continue with its fight against inflation.

Most Gulf currencies are pegged to the U.S. dollar, while Saudi Arabia, the United Arab Emirates and Qatar usually mirror U.S. monetary policy changes.

The Qatari Stock index rose 0.7, with gains in most sectors, led by finance and industry.

The region39;s largest bank Qatar National Bank and Qatar International Islamic Bank gained 0.6 and 1.5 respectively, while conglomerate Industries Qatar climbed 2.9.

Saudi Arabia39;s benchmark stock index rose 0.4, lifted by gains across all sectors led by finance, materials and energy, with real estate developer Retal Urban adding 0.8 and oil giant Saudi Aramco rising 0.6.

Shares of Gulf Insurance Group slipped 6.1, the sharpest intraday fall since May 16, after the insurer reported a 44 decline in a fullyear preZakat net profit.

In Abu Dhabi, the benchmark stock index was up 0.2, aided by a 1.7 gain in Alpha Dhabi Holding and 0.9 rise in First Abu Dhabi Bank, the largest lender in the United Arab Emirates.

Dubai39;s benchmark stock index fell 0.3 in early trade, weighed down by losses in finance and communication sectors, with…