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159 stories mentioning Dubai Financial Market General IndexUpdated 2d ago

Dubai's DFM General Index rose 3.84%, with Emaar Properties soaring, as UAE equities rebounded on US-Iran peace deal optimism.

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Asia Markets

Emirati Equities Diverge on Uncertainty Over US-Iran Talks

Stock trading in the United Arab Emirates ended Thursday mixed as investors await clarity on the renewed negotiations between the US and Iran.At the close of trading, the FTSE ADX General Index inched up 0.092%, while the DFM General Index was down 1.496%.Iran vowed to attack Gulf energy infrastructure in case of new US attacks, with Iranian Foreign Minister Abbas Araghchi urging Saudi, Qatari, and Turkish counterparts to press US President Donald Trump to avoid such actions, media reports said.Meanwhile, Iran said that an agreement with Oman was reached for a temporary shipping route through the Strait of Hormuz and that full reopening of the waterway will be based on the US ending the naval blockade of its ports."Iran signalled progress toward this goal, announcing that it has reached an agreement with Oman on new shipping arrangements for the strait, with a joint statement on the deal now being prepared," ING said. "The real hinge point now becomes the trajectory of US-Iran discussions, because meaningful progress there is essential before disrupted energy flows can realistically resume."Back home and on the corporate front, Abu Dhabi Aviation (ADX:ADAVIATION) recorded a marginal year-over-year growth of 0.1% in its first-half attributable profit, with a 28.2% increase in revenue. Its shares closed the session 0.19% in the red.Over in Dubai, Emirates Central Cooling Systems (DFM:EMPOWER), d/b/a Empower, lost 3.13% at closing despite a record 16.2% growth in net profit for the first six months driven by an increase in its total contracted capacity.

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Asia Markets

UAE Shares Close Higher as Non-oil Private Sector Growth Recovers

Emirati shares closed higher as investors weighed the latest figures from the country's non-oil private sector against geopolitical tensions in the Middle East.At the close of Wednesday trading, the FTSE ADX General Index was little changed at 0.096% in the green, while the DFM General Index was up 0.364%.The S&P Global UAE PMI, an indicator of the country's non-oil private sector activity, increased to 52.7 in July from a five-year low of 50.8 in June, marking the highest reading since March. New orders, exports, and workforce numbers rose despite supply chain disruptions and elevated cost pressures."Although the July PMI reading of 52.7 remains a step lower than the levels observed prior to the Middle East conflict, it provided some assurance that businesses were coping better after a heavily disrupted Q2," S&P Global Market Intelligence principal economist David Owen said. "Still, the volatile situation in the Strait of Hormuz continues to make the future uncertain and kept price pressures elevated in July, which firms struggled to fully pass on to customers amid a competitive business environment. Firms also saw a reduction in inventories despite a sharp rise in purchasing, suggesting they are still operating with tighter stock volumes and longer supply schedules."In geopolitical news, Axios reported, citing two regional sources, that the US, Iran, and Oman are nearing an interim agreement to resume shipping flows through the Strait of Hormuz. Axios also stated that the deal could be announced as soon as Wednesday.Moving to regional corporate news, Abu Dhabi National Oil Co. for Distribution (ADX:ADNOCDIST), d/b/a Adnoc Distribution, recorded a 58.5% year-over-year growth in its attributable net profit for the first half, backed by higher fuel volumes and growth in non-fuel retail and positive inventory movements. Its shares closed the session 0.73% lower.Elsewhere, Mashreq Bank (DFM:MASQ) shares shed 0.81% at closing. FAB Securities reiterated its hold rating and a price target of 270 Emirati dirhams after the lender logged a higher-than-expected net profit in the second quarter. The growth was primarily driven by higher funded and non-funded income, and impairment reversals.

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S&P: UAE Non-oil Private Sector Growth Regains Momentum in July on New Order Boost
US Markets

S&P: UAE Non-oil Private Sector Growth Regains Momentum in July on New Order Boost

Easing regional tensions and a surge in new business helped the United Arab Emirates' non-oil private sector rebound "strongly" in July from a five-year low in the previous month, data from S&P Global showed Wednesday.The S&P Global UAE PMI rose to a four-month high of 52.7 from June's 50.8. New business in the month climbed at its fastest rate since February, as monitored companies reported that client confidence gradually recovered amid improving regional conditions.Notably, non-oil firms saw export demand increase, with a "modest" boost in export sales that was still the quickest pace in a year, signaling an uptick in regional activity. Job creation also returned to positive territory in July, reversing the previous month's near six-year record decline in headcount, as companies sought to grow their numbers to meet rising customer demand.Conversely, cost inflation remained elevated in July, creeping closer to April's peak, with 10% of surveyed companies reporting higher expenses across key inputs including fuel, food, fertilizers, software, and shipping. Amid cost headwinds and ongoing supply chain disruptions, business confidence dropped for the third straight month, with only 7% of non-oil companies anticipating production expanding over the coming year."Still, the volatile situation in the Strait of Hormuz continues to make the future uncertain and kept price pressures elevated in July, which firms struggled to fully pass on to customers amid a competitive business environment. Firms also saw a reduction in inventories despite a sharp rise in purchasing, suggesting they are still operating with tighter stock volumes and longer supply schedules," S&P Global Market Intelligence Principal Economist David Owen said.Zooming in on Dubai, the PMI also rose to 51.7 in July 2026 from 50.7 previously, with new orders rising to their highest level since March amid growing customer demand. However, business activity growth eased to the slowest rate since June 2021 due to competition and pricing headwinds.

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International

S&P: UAE Non-oil Private Sector Growth Hits Four-month High in July

The United Arab Emirates' non-oil private sector "recovered strongly" in July, as output increased amid the fastest acceleration in new business since February.The S&P Global UAE PMI stood at a four-month high of 52.7, up from a five-year low of 50.8 in June, S&P Global said Wednesday.

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Asia Markets

Abu Dhabi, Dubai Stocks Gain Ahead of Key Economic Data

Stocks in the United Arab Emirates closed in the green again, with the FTSE ADX General Index gaining 1.618% and the DFM General Index adding 1.83% at the close of Tuesday trading.Markets will await the release of the UAE S&P Global Purchasing Managers' Index report for July on Wednesday to gauge the health of the country's non-oil private sector amid the renewed tensions in the Persian Gulf and the Red Sea. The metric declined to 50.8 in June from 52.6 in May.On the geopolitical front, investor optimism improved after US President Donald Trump signaled that fresh talks with Iran had resumed, though the Middle Eastern country dismissed claims that any such negotiations are taking place."Oil prices dropped sharply yesterday on rising optimism that the US and Iran may be moving closer to reviving a Middle East deal," ING said. "The scale of the sell-off seems fairly overdone, given that there's still considerable uncertainty. We've been in this situation multiple times before, only to see things unravel. And with Iran denying that any talks are underway and Trump issuing warnings if no deal materialises, the backdrop clearly leaves ample room for a renewed escalation."Back home and on the corporate front, FAB Securities confirmed Americana Restaurants International's (ADX:AMR) buy rating with a price target of 2.50 Emirati dirhams after its second-quarter attributable profit surpassed the financial services firm's expectations. Shares of the restaurant operator closed the session flat.Al Ramz Corp. Investment and Development (DFM:ALRAMZ) logged a 90% year-over-year growth in its first-half net profit driven by higher trading volumes, asset management fees, and market-making revenue. The Dubai-listed investor's shares were also unchanged at the time of closing.

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Asia Markets

UAE Stocks Gain as US-Iran Tensions Ease; OPEC+ Raises September Oil Output Target

Markets in the United Arab Emirates started the first day of the new trading week in the green, buoyed by optimism over renewed US-Iran talks.At the close of Monday trading, the FTSE ADX General Index added 0.264%, while the DFM General Index was up 1.424%.US President Donald Trump said in a social media post that he called off a planned strike on Iran at the request of other Middle Eastern countries. Trump also stated that talks for a deal to reopen the Strait of Hormuz and Iran's denuclearization will take place on Monday but did not specify a deadline or location of the negotiations.In other news, seven OPEC+ countries, including Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman, agreed to increase oil output by 188,000 barrels per day from September at their virtual meeting on Sunday.Back home and on the corporate front, Alpha Dhabi (ADX:ALPHADHABI) was the standout stock on the Abu Dhabi bourse and surged 9.15% at closing. The Abu Dhabi-listed investment holding company recorded a 48% year-over-year growth in its first-half net profit, driven by disciplined capital allocation and strategic investments."Our H1 results demonstrate the structural strength of our portfolio and the impact of our investments in artificial intelligence and some of the world's most transformational companies like SpaceX," Alpha Dhabi Holding Group Chief Executive Officer Hamad Al Ameri commented. "Whether it is through expanding our international footprint or deepening our sector expertise, our priority remains clear: executing our strategy with discipline and unlocking transformative growth opportunities across all our verticals."Meanwhile, Emirates NBD Bank's (DFM:EMIRATESNBD) unit Emirates NBD Egypt agreed to buy the retail banking portfolio of HSBC Bank Egypt, the indirect subsidiary of British lender HSBC, to boost its retail and premium banking footprint in Egypt. Emirates NBD Bank's shares were 3.31% in the green at the time of closing.

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Asia Markets

Emirati Equities Close Busy Corporate Earnings Week in Green

Shares in the United Arab Emirates closed on a positive note as investors balanced a busy week of corporate earnings with the latest geopolitical developments.At the close of Friday trading, the FTSE ADX General Index added 0.362%, while the DFM General Index was subdued at 0.065% in the green.The Abu Dhabi bourse welcomed first-half financial releases from Borouge (ADX:BOROUGE), Pure Health Holding (ADX:PUREHEALTH), Emsteel Building Materials (ADX:EMSTEEL), and Dubai Financial Market (DFM:DFM).Borouge shares closed flat as its first-half profit dropped 27% year over year due to reduced margins driven by higher freight, logistics, and propylene feedstock costs. Pure Health and Emsteel Building Materials, on the other hand, logged higher profits for the period and closed 1.80% and 0.91% higher, respectively.Bourse operator Dubai Financial Market's net profit slipped despite increased trading activity and investor participation during the period. Its shares lost 1.39% at closing.On the geopolitical front, US President Donald Trump said in a social media post that an agreement for the complete disarmament of Hamas and armed groups in Gaza was reached, with the city to be governed by a new Palestinian government working closely with his Board of Peace.In other news, the personal consumption expenditures price index, the US Fed's preferred inflation gauge, cooled in June, driven by a decline in energy prices during a temporary ceasefire agreement between the US and Iran."On the inflation front, the PCE fell 0.1% in June, as expected and marking the first monthly decline since April 2020. Year-over-year, headline inflation climbed 3.7%, easing from the 4.1% gain in June and marking the smallest gain in three months," Stifel said. "Excluding food and energy costs, the core PCE rose 0.1% in June, a tenth of a percentage point less than expected and following a 0.3% gain in May. Over the past 12 months, core inflation rose 3.3%, as expected and marking the smallest gain since April."

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Asia Markets

UAE Stocks Closed Mixed Amid Central Bank Rate Hold

Stock trading in the United Arab Emirates closed on both sides of the spectrum on Thursday, with the FTSE ADX General Index adding 0.399% and the DFM General Index little changed at 0.08% in the red at the close of trading.The UAE Central Bank on Wednesday kept the base rate applicable to the overnight deposit facility unchanged at 3.65%, while also maintaining the interest rate applicable to borrowing short-term liquidity at 50 basis points above the base rate for all standing credit facilities.The financial regulator's decision was in line with the US Fed's move to keep the federal funds rate steady, as the Emirati dirham is pegged to the US dollar."The Federal Open Market Committee (FOMC) voted 9 to 3 to keep the federal funds rate at 3.50% to 3.75%. President Warsh struck a hawkish tone by repeatedly emphasising that inflation had remained above two per cent for too long. However, he was not among the three FOMC members who voted in favour of a 25bp increase," Berenberg said. "We reiterate our call that if tensions in the Middle East ease, as we anticipate in our base case scenario, the Fed will not need to increase its key interest rate. However, under Warsh, the risk of a surprise has increased significantly."Meanwhile, geopolitical risks remained in focus as the US Central Command launched another round of strikes on Islamic Revolutionary Guard Corps' command centers, missile and drone facilities, and defense sites in Iran in response to the latter's ballistic missile strikes on US forces in the Middle East.Back home, the UAE Capital Market Authority's board approved the removal of 15 fees to reduce costs and enhance regulatory services provided to licensed companies and individuals operating in capital markets.Over to corporates, Adnoc Drilling (ADX:ADNOCDRILL) logged a higher first-half attributable profit of $701.9 million, backed by a 4% year-over-year revenue growth, but closed the session flat. NMDC Group's (ADX:NMDC) attributable profit for the period fell 5%, with its stocks managing to close the session 3.23% in the green.Dubai-listed Tecom Group's (DFM:TECOM) profit and revenue for the six months ended June 30 jumped 9% and 11% respectively, due to higher occupancy and improved rental rates. Shares of the business district developer gained 1.80% at the time of closing.

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International

UAE Central Bank Keeps Base Rate at 3.65% in July

The Central Bank of the United Arab Emirates on Wednesday maintained the base rate applicable to the overnight deposit facility at 3.65%.Meanwhile, the interest rate applicable to borrowing short-term liquidity was kept at 50 basis points above the base rate for all standing credit facilities.The CBUAE's decision follows the US Federal Reserve's move to maintain the interest rate on reserve balances.

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Asia Markets

Emirati Equities Gain Ahead of US Fed's Monetary Policy Decision

Markets in the United Arab Emirates closed in the green on Wednesday as investors brace for the US Federal Reserve's highly anticipated monetary policy meeting later in the day.​At the close of trading, the FTSE ADX General Index was little changed at 0.048% in the green, while the DFM General Index gained 0.122%.The US Fed is expected to leave rates unchanged in the 3.50% to 3.75% range for the fifth consecutive meeting amid cooling but still-elevated inflation and looming uncertainty from the Middle East conflict. However, traders are also pricing in the possibility of a rate hike."Global markets will be bracing for the Fed meeting as we're bound to have a surprise, but the direction remains up for debate. Markets seem to settle at around a 30% probability of a hike, which means both a hold and a hike should push rates around," ING analysts said. "The narrative around the decision matters too, especially the stance of Fed Chair Kevin Warsh if the option to hike rates is chosen. He might not endorse the move but simply deliver it."On the geopolitical front, the US and Saudi Arabia carried out joint strikes on Iran-backed groups in Eastern Iraq in response to drone attacks on Saudi energy infrastructure. The escalating tensions in the Middle East faded hopes of a swift resolution and drove oil prices higher, with Brent crude oil futures up 4.88% as of 3:45 pm UAE time.Back home and on the corporate front, investors assessed first-half earnings reports from companies, including Americana Restaurants International (ADX:AMR) and Aldar Properties (ADX:ALDAR).Americana Restaurants International was the Abu Dhabi bourse's most traded stock by volume and closed 4.88% higher after it recorded a 59.2% year-over-year growth in attributable net profit. Aldar Properties also achieved a higher attributable profit for the period, backed by an 8% growth in revenue, but closed the session 2.35% in the red.Meanwhile in Dubai, Commercial Bank of Dubai (DFM:CBD) launched its new CBD Invest digital wealth offering to provide its elite and private banking customers with a detailed view of their financial position and enable them to manage their investment portfolios and make informed decisions. Shares of the Emirati lender gained 2.13% at closing.

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Asia Markets

UAE Shares Blink Red; Oil Prices Fall After US-Iran Strikes Ease

Stocks in the United Arab Emirates closed lower despite a suspension of hostilities between the US and Iran, sending oil prices down and lifting investor optimism for renewed peace talks.At the close of Tuesday trading, the FTSE ADX General Index fell 0.104%, while the DFM General Index lost 0.93%.Oil prices were trading lower after US President Donald Trump said talks with Iran are underway and there is a "good chance" of a deal. Trump also warned to resume military action if the talks fail."We have been in this position multiple times before, and so the market may be getting a bit ahead of itself. At the end of the day, there has been no improvement in tanker flows through the Strait of Hormuz. If this move lower is to be sustained, we will need to see a recovery in flows through the strait," ING said. "Furthermore, even in the event of a deal, one would expect that the market will need to continue to price in a large risk premium, given that recent events have demonstrated how quickly a deal can unravel."Brent crude oil futures stood at nearly $86.94 per barrel as of 3:38 pm UAE time, down 1.61% from the previous day.Zooming in at home, the Dubai International Financial Centre's number of active registered companies and regulated financial services firms grew to 10,018 and 1,134, respectively, for the first half.On the corporate side, Fertiglobe (ADX:FERTIGLB) logged a 237% year-over-year growth in attributable profit and a 59% increase in revenue for the first half amid higher market prices of urea and ammonia. The fertilizer company closed the session 0.38% higher.Elsewhere, United Securities LLC affirmed its buy rating on Emirates NBD Bank (DFM:EMIRATESNBD) and revised its price target to 36 Emirati dirhams per share, citing the lender's strong operational performance in the second quarter. Its shares lost 2.50% at closing.

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Asia Markets

Correction: Abu Dhabi, Dubai Stocks Begin US Fed Week in Green

(Corrects to remove Emirates Islamic Bank ticker)Shares in the United Arab Emirates closed Monday higher as investors shift their attention to the US Federal Reserve's upcoming interest rate decision due later in the week while keeping watch of the latest regional developments in the Middle East.At the close of trading, the FTSE ADX General Index was up 0.173%, while the DFM General Index added 0.987%.The US Fed will announce its interest rate decision on Wednesday, with markets expecting the federal funds rate to remain unchanged amid persistent inflation, volatile oil prices, and geopolitical risks."Our base case is that the Fed will stay on hold at 3.5-3.75% in July. But the spike in oil prices has made it a close call. With markets now pricing nearly 10bp of hikes in July, Chair Warsh faces a difficult choice. Not hiking could challenge the Fed's credibility on inflation. But raising rates would go against his framework of looking through supply shocks," BofA Global Research said. "We think July is Warsh's call as he has enough votes either way. He has strategic incentives to hike soon. We still expect three 25bp hikes, in Sep, Oct & Dec."Boosting investor sentiment is the temporary pause in the exchange of attacks between the US and Iran, raising hopes for renewed diplomatic talks. However, the Iran-backed Houthi forces attacked two energy facilities in Saudi Arabia in retaliation for the latter's air strikes on its military positions in Hodeidah.Back home and on the corporate front, FAB Securities reiterated its accumulate rating on the National Bank of Ras Al-Khaimah (ADX:RAKBANK), d/b/a Rakbank, with a price target of 10 Emirati dirhams per share, citing resilient profitability growth in the second quarter backed by an increase in net funded and non-funded income. Its shares closed the session 0.66% higher.Over in Dubai, Emirates Islamic Bank executed a host-to-host integration of its banking platform with Taaleem Holdings' (DFM:TAALEEM) enterprise resource planning system to enhance the latter's payment processes. Taaleem shares were 0.63% in the green at the time of closing.

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Asia Markets

Abu Dhabi, Dubai Stocks Begin US Fed Week in Green

Shares in the United Arab Emirates closed Monday higher as investors shift their attention to the US Federal Reserve's upcoming interest rate decision due later in the week while keeping watch of the latest regional developments in the Middle East.At the close of trading, the FTSE ADX General Index was up 0.173%, while the DFM General Index added 0.987%.The US Fed will announce its interest rate decision on Wednesday, with markets expecting the federal funds rate to remain unchanged amid persistent inflation, volatile oil prices, and geopolitical risks."Our base case is that the Fed will stay on hold at 3.5-3.75% in July. But the spike in oil prices has made it a close call. With markets now pricing nearly 10bp of hikes in July, Chair Warsh faces a difficult choice. Not hiking could challenge the Fed's credibility on inflation. But raising rates would go against his framework of looking through supply shocks," BofA Global Research said. "We think July is Warsh's call as he has enough votes either way. He has strategic incentives to hike soon. We still expect three 25bp hikes, in Sep, Oct & Dec."Boosting investor sentiment is the temporary pause in the exchange of attacks between the US and Iran, raising hopes for renewed diplomatic talks. However, the Iran-backed Houthi forces attacked two energy facilities in Saudi Arabia in retaliation for the latter's air strikes on its military positions in Hodeidah.Back home and on the corporate front, FAB Securities reiterated its accumulate rating on the National Bank of Ras Al-Khaimah (ADX:RAKBANK), d/b/a Rakbank, with a price target of 10 Emirati dirhams per share, citing resilient profitability growth in the second quarter backed by an increase in net funded and non-funded income. Its shares closed the session 0.66% higher.Over in Dubai, Emirates Islamic Bank (DFM:EIB) executed a host-to-host integration of its banking platform with Taaleem Holdings' (DFM:TAALEEM) enterprise resource planning system to enhance the latter's payment processes. Taaleem shares were 0.63% in the green at the time of closing.

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Saudi Arabia Trade Surplus Widens in May Amid Rising Oil Exports
US Markets

Saudi Arabia Trade Surplus Widens in May Amid Rising Oil Exports

Saudi Arabia's merchandise trade surplus widened further to 26.02 billion Saudi riyals in May, as oil exports increased and imports declined, data from the General Authority for Statistics showed Sunday.The surplus surged by 328.8% compared with the previous year and was up from April's revised amount of 22.76 billion riyals.Merchandise exports rose 3.9% year over year to 93.78 billion riyals, with a 19.5% rise in oil sales, lifting the commodity's share of overall exports to 75.6% from 65.7% in May 2025. Machinery, electrical equipment, and parts accounted for 22% of non-oil exports, though the segment's exports plunged by 31.6% compared with the prior year.China was the largest buyer of the kingdom's goods for the month, taking 12.3% of overall exports, followed by South Korea at 9.6% and the United Arab Emirates at 7.5%.Meanwhile, merchandise imports fell 19.5% to 67.76 billion riyals on an annual basis. Machinery and electrical equipment were also Saudi Arabia's top import, at 26.4% of the total, despite falling 28% year on year.China also served as the country's primary source of imports, providing 22% of all goods, with the US and Egypt accounting for 10.7% and 8.4%, respectively.

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Asia Markets

UAE Stocks Close Week Downbeat as Middle East Tensions Expand

Emirati shares closed the last trading session of the week on a downbeat note as escalating Middle East tensions and volatile oil prices take center stage once again.At the close of Friday trading, the FTSE ADX General Index lost 0.127%, while the DFM General Index was 0.208% in the red.US President Donald Trump said in a social media post that Iran will be held responsible and face "major military punishment" if the Houthis attack any ship in the Red Sea. Trump also mentioned that any damage inflicted on ships and cargo by Iran will be paid from its frozen assets."With little-to-no sign of de-escalation, the market is likely to take the path of least resistance for now. This suggests oil prices will only continue to move higher. The key question is at what price level pressure begins to build on the Trump administration to return to the negotiating table," ING said. "The potential supply disruptions facing the market now are larger than at any time during the war. Not only have oil flows through the Strait of Hormuz essentially dried up, but there are clear risks to Saudi oil flows from the Red Sea."Meanwhile, the US Central Command continued its attacks on Iran for the 13th consecutive night, targeting military command centers, drone storage facilities, communication networks, and coastal surveillance sites.Zooming in at home, the UAE will be subject to a 12.5% tariff from the US as part of the latter's efforts to prohibit the import of goods produced through forced labor practices. The tariff, set to take effect on Friday, ranges from 10% to 12.5% and includes over 60 countries.Turning to corporate news, Pure Health Holding (ADX:PUREHEALTH) teamed up with the National Multiple Sclerosis Society to support early diagnosis, enhance patient care, and advance global research for the treatment of Multiple Sclerosis. The Abu Dhabi-listed healthcare services company's shares closed the session 0.90% lower.Dubai Taxi Co.'s (DFM:DTC) first-half profit plummeted 67.7% year over year with a 14.7% decline in revenue due to low airport and tourism-related demand amid the ongoing regional developments in the country. Its shares were 0.94% in the red at the time of closing.

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Asia Markets

Emirati Bourses Close Higher as Financial Stocks Rally

Shares in the United Arab Emirates were back in the green on Thursday as the FTSE ADX General Index gained 0.708%, while the DFM General Index added 0.237%.With the earnings season in full swing, investors welcomed the latest corporate earnings reports from the region's major lenders, including First Abu Dhabi Bank (ADX:FAB) and Emirates NBD Bank (DFM:EMIRATESNBD).First Abu Dhabi Bank was the Abu Dhabi bourse's most traded by value during the session and closed 6.26% higher. The personal and private banking group recorded a higher first-half attributable net profit driven by a 7% annual growth in operating income.Emirates NBD Bank's attributable profit for the period also rose amid strong growth in net interest and non-funded income, supported by disciplined cost management. Its shares closed the session 3% in the green.In other news, DP World partnered with the Fujairah Ports Authority to develop the Al Rugaylat container and Dibba Al Fujairah Port in Fujairah under a 50-year concession agreement. The initiative aims to attract investment, enhance economic infrastructure, and create new job opportunities.Across the pond, the US Central Command concluded a 12th consecutive night of strikes on Iran amid no signs of de-escalation. Keeping sentiment subdued were US President Donald Trump's threats to bomb and destroy Iran's bridges and power plants if the Middle Eastern country attacked any ship in the Strait of Hormuz."So far, the official news organs in Iran report that Iran isn't backing down on its claims to the Strait of Hormuz and that its officials have even dismissed US President Donald Trump's claim that Iran is seeking to begin a new round of negotiations, effectively shutting down the reports of 'peace' that emerged first on Monday. So Brent crude is higher again today by about USD 4/bbl, and back up to the levels not seen since early June, before the US-Iran MoU was signed," Macquarie said in a note.

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Asia Markets

UAE Stocks Fall as Investors Weigh Corporate Earnings

Stock trading in the United Arab Emirates closed in the red as traders assessed the latest corporate earnings from the region.At the close of Wednesday trading, the FTSE ADX General Index lost 0.134%, while the DFM General Index fell 0.466%.The Abu Dhabi and Dubai bourses saw the release of first-half earnings reports from Emirates Mobility (ADX:EMOBILITY), Rapco Investment (ADX:RAPCO), and Ekttitab Holding Co. (DFM:EKTTITAB).Emirates Mobility recorded a lower attributable profit despite a 2% annual growth in revenue and ended 4.62% lower. Rapco Investment's profit for the period also slipped, with its shares ending the session flat. Ekttitab Holding, on the other hand, logged a wider attributable loss and declined 0.96% at closing.In other news, Dubai International Chamber launched a new office in Luanda, Angola, to bolster trade and investment ties with the country. The launch forms part of Dubai International Chamber's plans to establish 50 representative offices worldwide by 2030.On the geopolitical front, the US Central Command attacked Iran for the 11th consecutive night, while the latter claimed attacks on US bases in Jordan, Bahrain, and Kuwait. Oil prices continued to trade higher, hitting a six-week high as Brent crude oil futures stood at nearly $94.307 per barrel as of 3:35 pm UAE time, up 3.62% from the previous day."Hopes of a temporary ceasefire between the US and Iran faded after President Trump ruled out the prospect of immediate talks. Instead, we continue to see further escalation," ING analysts said. "Factoring in the renewed disruptions from the Persian Gulf, risks to Saudi crude exports from the Red Sea, and developments in the Black Sea, one may argue that Brent at just over US$91/bbl is undervalued. Particularly if these disruptions persist into August."

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Asia Markets

Emirati Shares Rebound Amid US-Iran De-escalation Hopes

Stocks in the United Arab Emirates rallied on Tuesday, buoyed by prospects of a de-escalation between the US and Iran.At the close of trading, the FTSE ADX General Index gained 0.347%, while the DFM General Index was 0.278% in the green.The US Central Command completed its 10th consecutive night of strikes on Iran, with US President Donald Trump stating in a social media post that the Middle Eastern country will pay "many times over" for the death of American soldiers. However, investors breathed a sigh of relief on news of a 10-day ceasefire proposed by mediators to resume negotiations between the two countries.Oil prices rose and were trading at nearly $90.567 per barrel at 3:40 pm UAE time after Yemen's Houthis threatened a naval blockade against Saudi Arabia, posing further risks of disruption in energy supplies."With the Gulf's primary maritime outlet largely closed, the market is increasingly dependent on Saudi Arabia's East-West pipeline and Red Sea terminals to maintain export flows. Any disruption at Bab el-Mandeb would therefore threaten not only Saudi shipments but one of the few remaining routes capable of compensating for the severe reduction in Hormuz traffic," Rystad Energy senior vice president and head of geopolitical analysis Jorge Leon commented. "If a ceasefire does not materialize and Hormuz remains largely closed while the Houthi threat to Red Sea shipping intensifies, the risk of a significant rebound in oil prices would be substantial."Turning to the region's corporate side, Aldar Properties (ADX:ALDAR) launched its new 592-apartment residential community named The Canopies on Yas Island in Abu Dhabi. Shares of the real estate developer closed the session 0.53% higher.Meanwhile in Dubai, Emirates Central Cooling Systems (DFM:EMPOWER), d/b/a Empower, awarded a contract for the development of a new district cooling plant in the Al Sufouh 2 area in Dubai. The Dubai-listed cooling services company's shares were 0.62% in the green at the time of closing.

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Asia Markets

UAE Shares Begin New Week Lower as Geopolitical Tensions Remain in Focus

Markets in the United Arab Emirates closed the first day of the new trading week in the red as the intensified exchange of attacks between the US and Iran over the weekend weighed on investor sentiment.At the close of Monday trading, the FTSE ADX General Index and the DFM General Index were down 0.315% and 0.304%, respectively."Over the weekend, the conflict has intensified markedly, with a fresh wave of tit-for-tat attacks underscoring how quickly the situation is deteriorating. Three US service members were killed in separate incidents in Jordan and Iraq, while US strikes hit targets including Qeshm Island and multiple locations in southern Iran. At the same time, Iran broadened its retaliation beyond military sites, targeting critical infrastructure across the Gulf, including power and desalination facilities in Kuwait, as well as launching drone and missile attacks towards US bases and regional allies. And prospects for any diplomatic breakthrough remained dim, with Iran's Foreign Minister Araghchi suggesting that some nuclear issues may 'remain unresolvable,'" Deutsche Bank Research said in a note.Back home, Dubai logged 252 billion Emirati dirhams worth of real estate transactions in the first quarter, up 31% year-on-year. Abu Dhabi, on the other hand, recorded 66 billion dirhams of such deals, representing a 160.7% growth on an annual basis. The investments were made by investors from the UK, India, China, Russia, and other European countries.Over to corporates, Ooredoo (ADX:ORDS) teamed up with Samsung Electronics' Samsung Gulf Electronics to expand the distribution of the electronics giant's Galaxy devices in Qatar. The Abu Dhabi-listed telecommunications company shares were flat at the time of closing.Elsewhere, GFH Bank (ADX:GFH, DFM:GFH) closed the session 0.51% higher on the Abu Dhabi bourse and 0.50% in the green on the Dubai Financial Market. The investment company named Rajeev Gogia as its group chief financial officer.

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Asia Markets

Abu Dhabi, Dubai Stocks Diverge as Continued US-Iran Strikes Spook Investors

United Arab Emirates indices struggled to find direction on Friday as markets weighed the renewed exchange of strikes between the US and Iran, which entered its sixth consecutive day.At the close of trading, the FTSE ADX General Index was somewhat muted but 0.003% in the green, while the DFM General Index fell 1.391%.The US Central Command launched another wave of strikes on Iranian air defenses and military logistics infrastructure on Thursday. Iran retaliated by attacking US bases in the Gulf and launching its first direct strikes on a special operations command center in Syria.Meanwhile, oil prices continue to trade higher as maritime traffic in the Strait of Hormuz remains largely halted due to the resumption of attacks and blockade of Iranian ports by the US."Our commodity strategists argue that crude oil supplies are sufficient to withstand a few weeks, if not months, of skirmishes in the Strait of Hormuz. Yet, if tensions do not abate, they estimate the oil price could nonetheless rise back above $100/bbl. They note that refined-product inventories are more depleted than those for crude, resulting in elevated crack spreads. This implies that the risk of a squeeze from energy prices is higher than a narrow focus on the crude oil market would suggest," BofA Global Research said in a note.Turning to the region's corporate side, shares of Burjeel Holdings (ADX:BURJEEL) closed the session 2.89% higher. The healthcare company's Burjeel Medical City facility partnered with the US's Roswell Park Comprehensive Cancer Center to develop a specialized thoracic surgery program in Abu Dhabi.Dubai-listed Talabat (DFM:TALABAT) returned to trading following a trading suspension due to the release of material information. Shares of the online food delivery company were 0.84% in the red at the time of trading's close.

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