MIDEAST STOCKS-Most Gulf markets gain on US rate cut bets

Jan 14 (Reuters) - Most Gulf stock markets opened higher on Wednesday, supported by slightly cooler-than-expected U.S. inflation data that strengthened expectations for future interest rate cuts, though persistent geopolitical tensions kept gains in check.

U.S. consumer prices rose in December, driven by increased expenses for housing and groceries, reinforcing analysts' views that the Federal Reserve would hold interest rates this month.

U.S. President Donald Trump welcomed the inflation figures, reiterating his push for the U.S. Federal Reserve Chair Jerome Powell to cut interest rates "meaningfully."

Gulf markets often track shifts in U.S. rate expectations, as most regional currencies are pegged to the dollar.

Saudi Arabia's benchmark index .TASI rose 0.2%, with Al Rajhi Bank 1120.SE gaining 0.5% and Saudi National Bank 1180.SE, the country's biggest lender by assets, putting on 0.6%.

Dubai's main share index .DFMGI advanced 0.5%, with utility firm Dubai Electricity and Water Authority DEWAA.DU rising 2.1%.

In Abu Dhabi, the index .FTFADGI was up 0.1%. Trump urged Iranians to keep protesting, saying help is on the way. Iran in turn accused Trump of encouraging political destabilization and inciting violence.

The Qatari benchmark .QSI lost 0.4%, hit by a 0.8% fall in petrochemical maker Industries Qatar IQCD.QA.