Today's Edition
A. SREENIVASA REDDY (ABU DHABI)
UAE stock markets traded in positive territory on Tuesday, supported by positive signals from US President Donald Trump indicating a possible easing of tensions with Iran.
The ADX General Index (FADGI) rose 1.071% to close at 9,523.94. Trading activity remained robust, with 37,979 trades involving 352 million shares valued at Dh1.89 billion. The total market capitalisation of ADX-listed stocks stood at Dh2.879 trillion.
Most blue chips recorded gains, with 2PointZero Group rising 5.13% to Dh2.05. Holding company Alpha Dhabi posted a marginal gain of 0.14%.
Among banks, First Abu Dhabi Bank and Abu Dhabi Islamic Bank gained 2.81% and 2.43%, respectively, while Abu Dhabi Commercial Bank declined 1.48%. Realty major Aldar rose 1.07%, in line with the broader market trend.
Among ADNOC-listed companies, ADNOC Drilling and ADNOC Distribution added 2.85% and 2.71%, respectively. Fertiglobe extended its previous day’s gains, rising 2.69%. ADNOC Logistics and Services slipped 0.20%, while Borouge edged up 0.39%. Heavily traded ADNOC Gas closed unchanged.
State energy company TAQA rose nearly 3%, while Emsteel, the state-owned steel and building materials company, gained 8%.
In Dubai, the Dubai Financial Market (DFM) General Index (DFMGI) rose 1.633% to close at 5,470.09. The session recorded 29,066 trades, with 327 million shares traded for a total value of Dh1.49 billion. Market breadth showed 27 gainers, 17 decliners and eight unchanged stocks.
Emirates NBD led the rally with a gain of 7.25%, followed by real estate majors Emaar and Emaar Development, which rose 3.95% and 1.46%, respectively. Salik gained 1.14%, while utility provider DEWA rose 1.87%.
“UAE equity markets closed higher on Tuesday, supported by apparent easing of geopolitical tensions,” said Adam Vettese, Market Analyst at eToro. He added that Trump’s positive signals helped reduce immediate concerns over regional energy supply disruptions and restored investor confidence across both DFM and ADX.
Vettese, however, sounded a note of caution, saying that despite the upbeat session, volatility is likely to persist.
Milad Azar, Market Analyst at XTB MENA, said the ADX General Index posted solid gains, supported by strong liquidity and broad-based buying across banking and energy stocks, reflecting renewed institutional confidence and reduced risk premia.
Referring to Dubai, Azar said gains were more pronounced, driven by banking and real estate heavyweights. He added that while sentiment has improved, markets remain sensitive to geopolitical developments, indicating continued volatility despite resilient fundamentals and strong capital flows.
