A. SREENIVASA REDDY (ABU DHABI)

UAE stock markets extended their positive run on Wednesday, consolidating gains made in recent sessions.

The Abu Dhabi Securities Exchange (ADX) General Index (FADGI) rose 0.097% to close at 10,205.71. Trading remained active, with 24,189 trades involving 359 million shares and a total value of Dh1.20 billion. Total market capitalisation of ADX-listed stocks stood at Dh3.127 trillion.

The star performer was Pure Health, which surged 9.38%.

Banking stocks continued to drive the market, with Abu Dhabi Commercial Bank gaining 0.93%. Abu Dhabi Islamic Bank rose 0.26% after reporting a net profit of Dh7.1 billion in 2025, a 16% year-on-year increase.

Sharjah-based energy firm Dana Gas extended its bullish run, advancing more than 4.65% after announcing it had reached production of 70,000 barrels of oil equivalent per day (boepd).

Among the prominent decliners, Alpha Dhabi fell 1.30%, ADNOC Drilling slipped nearly 1%, and First Abu Dhabi Bank declined 0.53%.

In Dubai, the Dubai Financial Market General Index (DFMGI) climbed 0.346% to close at 6,397.34. The session saw 13,242 trades, with 255 million shares changing hands for a total value of Dh556 million. Market breadth showed 21 gainers, 20 decliners and 10 unchanged stocks.

The Dubai rally was led by Emirates NBD, which rose 1.12%. Emaar Development gained 0.92%, while its sister company Emaar fell 0.34%. Toll-gate operator Salik advanced 0.62%, and electricity and water provider DEWA rose 0.66%. Al Mal Capital REIT was the most prominent loser, with its stock falling 8.23%.

Commenting on the day’s trading, Milad Azar, Market Analyst at XTB MENA, told Aletihad that UAE markets sustained their upward trend, with Abu Dhabi entering a consolidation phase after recent advances.

“The marginal index gain reflected selective buying, as strength in banking and healthcare stocks countered losses in some heavyweights,” he said.

Azar added that continued momentum in energy stocks reinforced positive sentiment, supported by improving operational fundamentals and stable trading activity.

Referring to Dubai, Azar said equities closed higher, led by banks and utilities, which helped maintain a positive market direction.

“Property stocks showed mixed performance, indicating sector rotation rather than broad weakness,” he said.

Overall sentiment remained constructive, with investors focusing on fundamentally strong names while cautiously absorbing recent gains, Azar added.