Today's Edition
A. SREENIVASA REDDY (ABU DHABI)
UAE stock markets remained subdued but stable on Tuesday as uncertainty over the regional political situation persisted.
The ADX General Index (FADGI) rose 0.080% to close at 9,827.66. Trading activity remained robust, with 24,450 trades involving 493 million shares valued at Dh1.05 billion. The total market capitalisation of ADX-listed stocks stood at Dh2.828 trillion.
Orascom Construction was among the standout performers, rising 9.43%, while ADNOC Logistics and Services outperformed its ADNOC peers with a gain of 3.6%.
ADNOC Gas rose 0.63%, while ADNOC Distribution slipped 0.27%. ADNOC Drilling remained flat. Fertiglobe, one of the few stocks that has posted consistent gains in recent sessions, rose 2.73% to close at Dh3.39 per share. Borouge remained unchanged at Dh2.52 per share.
Alpha Dhabi fell nearly 5% after gaining more than 8% in the previous session, while another holding company, 2PointZero, declined nearly 1%.
Aldar Properties released its Q1 2026 earnings during the session. Despite a solid underlying performance with higher profit, the stock closed slightly lower.
Banking stocks showed modest gains, with Abu Dhabi Commercial Bank rising 1.02%. Abu Dhabi Islamic Bank gained 0.35%, while First Abu Dhabi Bank added 0.44%.
In Dubai, the Dubai Financial Market (DFM) General Index (DFMGI) declined 0.218% to close at 5,857.83. The session recorded 21,794 trades, with 265 million shares changing hands for a total value of Dh740 million. Market breadth remained weak, with 18 gainers, 26 decliners, and 10 stocks unchanged.
Emaar edged up 0.02%, while its sister unit, Emaar Development, slipped 1.05%.
Emirates NBD fell 2.04%, while Dubai Islamic Bank gained 0.42%. Air Arabia declined 0.77%.
Road toll operator Salik rose 0.71%, while utility major DEWA remained flat at Dh2.68 per share.
“Edgy trading continued across UAE bourses as investors remained cautious amid ongoing regional uncertainties and stalled diplomatic efforts,” said Adam Vettese, Market Analyst at eToro.
“Although resilient oil prices and corporate results are providing a degree of support in some areas, markets are likely to remain range-bound until there is greater clarity on the diplomatic front,” he added.
