Today's Edition
A. SREENIVASA REDDY (ABU DHABI)
UAE stock markets resumed their upward trajectory on Tuesday after a brief retreat, as listed companies began releasing their earnings reports for 2025.
The Abu Dhabi Securities Exchange (ADX) General Index (FADGI) rose 0.887% to close at 10,355.31. Trading remained active, with 34,102 trades involving 445 million shares and a total value of Dh2.15 billion. Total market capitalisation of ADX-listed stocks stood at Dh3.156 trillion.
Among banking heavyweights, Abu Dhabi Islamic Bank extended its bull run, gaining 3.9%. Abu Dhabi Commercial Bank rose 2.56%, while First Abu Dhabi Bank edged down marginally by 0.1%.
Among ADNOC-listed companies, ADNOC Drilling advanced 3.25%, ADNOC Distribution gained 2.49%, ADNOC Logistics & Services added 1.58%, and ADNOC Gas was up 0.28%. Realty major Aldar also posted solid gains, rising 2.13%. Almost all blue-chip stocks ended the session higher amid broadly positive trading.
Alpha Dhabi and Orascom Construction were among the notable losers, declining 1.08% and 1.54%, respectively.
The Boreas S&P Absolute Luxury UCITS ETF began trading on the ADX on Tuesday and rose 2.9% on its maiden day.
Commenting on the day’s trading, Milad Azar, Market Analyst at XTB MENA, said UAE equity markets rebounded as early 2025 earnings releases revived investor confidence and selective buying returned to heavyweight stocks.
“ADX outperformed, supported by strong gains in banking and ADNOC-linked names, reflecting optimism over earnings visibility and energy-linked cash flows,” Azar said.
The debut of the Boreas luxury ETF added depth to market activity, Azar added.
In Dubai, the Dubai Financial Market General Index (DFMGI) rose 0.303% to close at 6,465.67. The session recorded 14,233 trades, with 188 million shares changing hands for a total value of Dh811 million. Market breadth showed 30 gainers, 19 decliners and six unchanged stocks.
Dubai’s gains were led by the real estate duo Emaar and Emaar Development, which rose 1.35% and 1.46%, respectively. Dubai Islamic Bank gained 1.54%.
Emirates NBD fell 0.64%, with investors appearing unimpressed despite the bank reporting more than 10% year-on-year growth in revenues and profit before tax in its annual results.
Water and electricity utility DEWA declined 1.61%, while road toll operator Salik slipped 1.07%.
In Dubai, gains were more measured, with real estate and Islamic banking offset by profit-taking in large financials and utilities, Azar said.
