Today's Edition
A. SREENIVASA REDDY (ABU DHABI)
UAE stock markets reported flat trading on Thursday, but largely held on to the gains recorded in the previous session.
The Abu Dhabi Securities Exchange (ADX) General Index (FADGI) slipped marginally by 0.075% to close at 10,040.27. Trading remained active, with 17,344 trades involving 422 million shares and a total value of Dh1.11 billion. Total market capitalisation of ADX-listed stocks stood at Dh3.116 trillion.
The ADX reported two bulk transactions, involving Anan Investment and Phoenix Group. Shares of Anan Investment worth Dh94 million were traded in a single transaction, while Phoenix Group recorded a Dh8.34 million deal at a price of Dh0.95 per share.
Real estate major Aldar Properties and holding company Alpha Dhabi Holding were the standout performers on the ADX, with both stocks rising by more than 1%.
Among banking stocks, Abu Dhabi Commercial Bank and Abu Dhabi Islamic Bank closed unchanged, while First Abu Dhabi Bank gained 0.45%. On the downside, Pure Health fell 1.91%, TAQA shed 1.89%, Presight AI slipped 1.87%, and ADNOC Logistics & Services declined 1.22%.
“Aldar and Alpha Dhabi’s gains of more than 1% signal improving sentiment toward Abu Dhabi’s heavyweight stocks, particularly in real estate and diversified investments,” Milad Azar, market analyst at XTB MENA, told Aletihad.
“Aldar’s rise reflects confidence in the sustainability of its rental income, asset rotation strategy, and steady demand across its portfolio,” Azar said, adding that Alpha Dhabi’s advance points to growing investor interest in well-funded conglomerates with exposure to infrastructure and strategic sectors.
Meanwhile, the Dubai Financial Market (DFM) General Index (DFMGI) edged up 0.071% to close at 6,252.99. The session recorded 14,167 trades, with 196 million shares changing hands for a total value of Dh734 million. Market breadth showed 13 gainers, 30 decliners and 10 unchanged stocks.
Sharjah-based airline Air Arabia was the top performer, surging 4.62%, followed by telecom operator du, which gained 1.11%. Courier firm Aramex rose 2.77%. In contrast, real estate majors Emaar Properties and Emaar Development fell by more than 1% each.
“Air Arabia’s rally highlights positive expectations for the airline’s earnings outlook, driven by resilient travel demand, operational efficiency, and improving margins,” Azar said. “This performance suggests investors are selectively targeting growth-oriented stocks, reinforcing a market tone shaped by company-specific fundamentals rather than broad index-driven momentum.”
