Today's Edition
A. SREENIVASA REDDY (ABU DHABI)
UAE stock markets on Tuesday built on the strong gains recorded last Friday, with both Abu Dhabi and Dubai main indices rising more than 1.5% after the US-Iran deal lifted sentiment across the region and global markets.
The ADX General Index (FADGI) rose 1.614% to close at 9,963.26. Trading activity remained strong, with 51,766 trades involving 647 million shares valued at Dh2.567 billion. The total market capitalisation of ADX-listed stocks stood at Dh2.926 trillion.
Banking stocks followed the broader market trend, with Abu Dhabi Commercial Bank gaining 6.14%. Abu Dhabi Islamic Bank added 1.34%, while First Abu Dhabi Bank advanced 0.69%.
ADNOC-linked stocks were mixed. ADNOC Logistics and Services and Fertiglobe lost 1.46% and 5%, respectively. ADNOC Distribution added 0.78%, while ADNOC Gas advanced 0.58%. ADNOC Drilling rose 0.66%, while Borouge delivered the best performance in the group with a gain of nearly 2%.
Holding company 2PointZero lost 0.9%, while Alpha Dhabi rallied 8.5%, with its share price reaching Dh8.50.
Real estate giant Aldar made a strong comeback with a rise of 4.78%, signalling a possible break from the recent bearish trend in realty stocks.
Abu Dhabi National Energy Company (TAQA) rose 13.31%, with its share price reaching Dh2.64. The rally appears to have been triggered by a L’IMAD Holding subsidiary’s plan to acquire all remaining shares in TAQA at a price of Dh2.70 per share.
Orascom Construction, an Egyptian EPC contractor, rose 11%, with its share price reaching Dh57.
In Dubai, the Dubai Financial Market (DFM) General Index (DFMGI) rose 1.695% to close at 6,054.98. The session recorded 28,629 trades, with 390 million shares changing hands for a total value of Dh1.83 billion. Market breadth remained positive, with 38 gainers, seven decliners and 10 stocks unchanged.
Real estate heavyweights Emaar and Emaar Development rose 5.13% and 3.96%, respectively, driving the rally in the main index.
Emirates NBD gained 4.39%, while Dubai Islamic Bank slipped 0.05%.
Road toll operator Salik gained 1.21%. Sharjah-based carrier Air Arabia advanced 4.86%, while DEWA gained 0.73%.
Food delivery app Talabat traded flat at Dh1.31. Supermarket operator Spinneys gained nearly 6%, recovering most of its recent losses.
“Investor mood was decisively optimistic, with broad participation across both exchanges reflecting a shift in sentiment as the regional conflict moved toward resolution,” said Nagham Hassan, Market Analyst at eToro.
“UAE investors will be watching the Federal Reserve's first rate decision under new Chair Kevin Warsh, which could shape the broader risk backdrop heading into the second half of 2026,” Hassan said.
“The rally across UAE equities reflects a meaningful reduction in geopolitical risk following the US-Iran agreement, with investors rotating back into cyclical sectors such as banking and real estate,” said Milad Azar, Market Analyst at XTB MENA.
Azar said strong trading volumes and broad market participation suggest the move was supported by improving confidence rather than short-term speculative activity.
“TAQA’s surge highlights the market’s willingness to reward company-specific catalysts,” Azar said.
“However, the mixed performance among ADNOC-related stocks indicates investors remain selective and focused on earnings visibility,” he added.
Looking ahead, Azar said attention is likely to shift towards the Federal Reserve decision, as interest-rate expectations and liquidity conditions could become the next key drivers of GCC equity performance.
