Today's Edition
A. SREENIVASA REDDY (ABU DHABI)
UAE stock markets extended their rally on Tuesday, with the Abu Dhabi market rising by more than 1% amid investor optimism driven by the ongoing earnings season.
The Abu Dhabi Securities Exchange (ADX) General Index (FADGI) rose 1.302% to close at 10,472.57. Trading remained active, with 31,118 trades involving 465 million shares and a total value of Dh1.99 billion. Total market capitalisation of ADX-listed stocks stood at Dh3.182 trillion.
Banking heavyweights led the rally, with First Abu Dhabi Bank surging 5.66%, while Abu Dhabi Islamic Bank added 2.02%. Realty major Aldar saw strong trading and climbed 4.3% after completing a joint venture with Mubadala to manage two of Abu Dhabi’s prominent malls.
ADNOC Gas was another strong performer, rising 1.39%. Sharjah-based energy company Dana Gas gained 1.79%, while retailer Lulu appeared to gain traction, rising nearly 1%. State-owned Space 42 also posted a sharp gain of 6.5%.
State energy producer TAQA was the notable decliner, falling by more than 1%.
In Dubai, the Dubai Financial Market General Index (DFMGI) rose 0.611% to close at 6,613.52. The session recorded 17,427 trades, with 298 million shares changing hands for a total value of Dh1.08 billion. Market breadth showed 37 gainers, 13 decliners and five unchanged stocks.
Real estate heavyweights Emaar, Emaar Development and Deyaar led the advance, rising 1.28%, 3.61% and 2.89%, respectively. Road toll operator Salik also supported the rally, gaining 2.62%.
Among banking stocks, market heavyweight Emirates NBD declined 1.52%, while Dubai Islamic Bank rose 1.84%. Free zone operator TECOM climbed 4.2% after reporting revenue of Dh2.9 billion in 2025.
Commenting on the session, Adam Vettese, Account Manager at eToro, said both markets closed higher as investors focused on corporate earnings momentum. He highlighted the performance of NMDC Energy, which rose more than 5% after reporting a 29% year-on-year increase in revenue.
"The company also announced a commitment to a 50% dividend payout ratio, “a move that was warmly received by investors and reinforced confidence in its cash flow visibility and capital discipline,” Vettese said.
ADNOC Distribution posted a more modest gain of 0.5% despite reporting a strong increase in fourth-quarter profits. “The muted reaction suggests some of the positive news had already been priced in, though the results underline the company’s defensive characteristics and stable earnings profile,” Vettese added.
