Today's Edition
A. SREENIVASA REDDY (ABU DHABI)
UAE stock markets came under pressure on Wednesday amid rising geopolitical tensions, with the Abu Dhabi market managing to remain flat while Dubai fell more than 1%.
The Abu Dhabi Securities Exchange (ADX) General Index (FADGI) edged up 0.031% to close at 10,654.20. Trading activity remained strong, with 27,957 trades involving 422 million shares valued at Dh1.44 billion. Total market capitalisation of ADX-listed stocks stood at Dh3.237 trillion.
ADNOC Logistics and Services declined 2.2% despite reporting what appeared to be solid results, with revenue reaching Dh18.4 billion, up 41% year-on-year. However, the company lowered its guidance for the current year, projecting a mid-single-digit year-on-year reduction in group revenues in 2026. ADNOC Gas fell 1.1%, while ADNOC Distribution lost 1.2%.
2PointZero dropped 6.3% to end at Dh2.25. Americana Restaurants ended its recent bull run with a decline of 5.5%.
“Al Khaleej Investment led the losers’ list, likely reflecting continued earnings weakness and sensitivity to market volatility, particularly in a more risk-averse environment,” Adam Vettese, Market Analyst at eToro, said.
Fertiglobe traded flat despite reaching the significant milestone of $1 billion in EBITDA, suggesting much of the earnings performance had already been priced in following a strong rally since the start of the year, Vettese said.
Insurance House bucked the broader trend to emerge as the biggest gainer on ADX ahead of a board meeting scheduled after the close, as traders positioned for potential corporate announcements or strategic updates, he added.
In Dubai, the Dubai Financial Market (DFM) General Index (DFMGI) declined 1.26% to close at 6,686.27. The session recorded 21,482 trades, with 252 million shares changing hands for a total value of Dh1.08 billion. Market breadth showed 10 gainers, 29 decliners and 15 unchanged stocks.
Dubai Islamic Bank (DIB) was the biggest decliner, falling 8.6% following its latest results. “Despite reporting solid full-year performance, the stock sold off sharply, with investors cautious on forward guidance and the broader macro backdrop,” Vettese said.
District cooling major Empower was another major loser, with its share price declining 4.2%. Utility provider DEWA also fell 2.2%. Sharjah carrier Air Arabia slipped 1.3% after posting strong gains in recent days.
Emirates NBD bucked the trend, gaining nearly 2%. Realty firm Deyaar rose nearly 1% after reporting a profit of Dh638 million in 2025, up 26% year-on-year.
