Most stock markets in the Gulf ended higher on Thursday, after most central banks in the region cut their key interest rates following a larger-than-usual policy easing by the U.S. Federal Reserve.

The latest batch of quarterly forecasts from the Federal Reserve showed policy makers have had a change of heart since June about the pace of interest rate cuts in 2024. The latest iteration of the Fed's "dot plot" penciled in two more quarter-point cuts before the end of the year,