Today's Edition
A. SREENIVASA REDDY (ABU DHABI)
UAE stock markets extended their rally on Tuesday amid signs of improving regional conditions and a steady flow of quarterly results from listed companies.
The ADX General Index (FADGI) rose 0.767% to close at 9,555.78. The session recorded 50,262 trades involving 515 million shares worth Dh1.58 billion. The total market capitalisation of ADX-listed companies stood at Dh2.516 trillion.
Banking stocks mostly gained, with Abu Dhabi Commercial Bank advancing 4.22% and Abu Dhabi Islamic Bank adding 2.4%. First Abu Dhabi Bank bucked the trend, slipping 0.59% amid reports that it plans to raise billions of dollars by issuing additional shares to foreign investors.
ADNOC-linked stocks were mixed. ADNOC Distribution gained 0.26%, while ADNOC Drilling lost 0.34% and ADNOC Logistics and Services slipped 3.85%. Fertiglobe dropped 1.31%, while Borouge rose 1.33%.
ADNOC Gas rose 0.59% after reporting net income of $1.34 billion for the third quarter of 2026, up 101% from $665 million in the second quarter. “The rebound is driven by strong operational performance and agile commercial execution across the company’s key business lines,” ADNOC Gas said.
Property developer Aldar rose 3.44%. Among holding companies, 2PointZero jumped 6.06% to Dh2.10, while Alpha Dhabi edged up 0.14% to Dh7.26.
Telecom operator etisalat rose 1.3% to Dh21.78, extending its recent gains. Healthcare provider Burjeel also extended its gains, rising 3.1%.
In Dubai, the Dubai Financial Market General Index (DFMGI) rose 1.359% to close at 6,170.20. The session recorded 29,495 trades involving 462 million shares worth Dh1.86 billion.
Market breadth was positive, with 36 gainers and 12 decliners, while three stocks remained unchanged.
Emaar Properties rose 0.78%. Shares in its subsidiary Emaar Development edged down 0.41% to Dh14.66, below Emaar Properties’ cash offer of Dh15 per share. Emaar Properties intends to seek the delisting of the subsidiary if it reaches the required ownership threshold and completes the compulsory acquisition of the remaining shares.
Banking stocks also advanced, with Emirates NBD rising 3.47% and Dubai Islamic Bank gaining 4.75%.
Telecom operator du slipped 0.78%. Toll operator Salik gained 1.45%, while parking operator Parkin advanced 2.19%. Food delivery platform talabat gained 3.5%.
Aramex, a logistics company and part of L’IMAD Holding, rose 7.5% after reporting a 759% increase in net profit for the first nine months of the year. Sharjah-based airline Air Arabia rose 0.39%.
UAE markets extended their gains on Tuesday, supported by improving regional sentiment, strong trading activity and a steady flow of earnings announcements, said Milad Azar, market analyst at XTB MENA.
“The broad-based gains in Dubai, alongside advances in Abu Dhabi banking and property stocks, suggest investors are gradually rebuilding confidence,” Azar said.
He said buying remained selective in some stocks as investors weighed earnings, valuations and capital-raising plans.
“ADNOC Gas and Aramex delivered particularly strong earnings signals, reinforcing the importance of corporate fundamentals in sustaining the recovery,” Azar said.
He said reports of a potential share issuance by First Abu Dhabi Bank could put short-term pressure on the stock, while Emaar Development’s discount to the offer price suggested some uncertainty about the buyout.
“Overall, improving sentiment is encouraging, but sustained gains will depend on earnings growth and regional stability,” he added.
