Sept 26 Reuters Major Stock markets in the Gulf fell in early trade on Tuesday, tracking declines in oil prices, with the U.S. Federal Reserve39;s hawkish tone weighing on investor sentiment.

Oil prices a key catalyst for the Gulf39;s financial markets declined, with Brent crude down 1.2 at 92.16 a barrel by 0850 GMT.

Dubai39;s benchmark stock index was down 0.7, dragged by a 1.6 fall in Emaar Properties and 0.8 loss in Dubai Electricity and Water Authority.

The emirate39;s largest lender Emirates NBD and Dubai Islamic Bank slipped 1.1 and 0.8, respectively.

Abu Dhabi39;s benchmark stock index fell 0.4, weighed by a 0.4 loss in International Holding Company and 1.2 drop in Alpha Dhabi Holding.

Saudi Arabia39;s benchmark stock index was down 0.3 with Dr Sulaiman Al Habib Medical Services losing 1.1 and Saudi Awwal Bank sliding 1.9.

Among the losers, oil major Saudi Aramco shed 0.8 and Riyad Bank lost 1.1.

In Qatar, the benchmark was little changed, with losses in finance and utilities sectors capping gains in industry and energy sectors.

Industries Qatar and Qatar Navigation added 0.6 and 1.2 respectively, while Gulf39;s largest lender Qatar National Bank slipped 0.4 and Doha Bank dropped 1.4.

The U.S. Federal Reserve39;s hawkish tone last week drove a message to markets that the interest rates will stay elevated for longer.

Monetary policy in the sixmember Gulf Cooperation Council GCC is usually guided by Fed policy decisions, as most regional currencies are…