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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

UAE Stocks Blink Red as US-Iran Conflict Intensifies

Shares in the United Arab Emirates ended Thursday lower amid the continued exchange of attacks between the US and Iran, with no signs of easing.At the close of trading, the FTSE ADX General Index fell 0.51%, while the DFM General Index was 0.261% in the red.The US intensified its attacks on various Iranian targets, while the latter targeted US bases in Jordan, Kuwait, and Bahrain. The recent escalation is also driving volatility in oil markets as shipping through the Strait of Hormuz remains depressed."There has already been a significant drop-off in exports through the Strait since fighting resumed a week ago, with 7DMA flows down around 4.6 mb/d, to an average of 3.9 mb/d, and the IMO today stating the Strait is too dangerous for commercial vessels to cross. Even if President Trump opts for something of a strategic retreat, we do not see Hormuz traffic returning to pre-war levels as long as shippers have to contend with the threat of mines, missiles, drones, and Tehran tolls," RBC Capital Markets said.Back home and on the corporate front, shares of Gulf Pharmaceutical Industries (ADX:JULPHAR), d/b/a Julphar, closed the session 0.97% lower. The pharmaceutical company's unit, Planet Pharmacies, concluded the deal to sell its Oman-based Scientific Pharmacy business.Meanwhile, in Dubai, Salik (DFM:SALIK) and the Dubai Integrated Economic Zones Authority partnered to deliver seamless mobility services through access control systems and parking optimization tools at more than 21,000 parking spaces across Dubai Airport Freezone, Dubai Silicon Oasis, and Dubai CommerCity. Salik ended the session 0.18% higher.

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Asia Markets

Emirati Equities Close Mixed as US Inflation Cools

Stock trading in the United Arab Emirates ended in the opposite direction on Wednesday as the FTSE ADX General Index lost 0.211%, while the DFM General Index added 0.346%.The US inflation print for June came in softer-than-expected as headline CPI fell 0.4% monthly and grew 3.5% on an annual basis. Core CPI, on the other hand, remained flat for the month and rose 2.6% year over year."In light of today's lower inflation figures, which are the last important data point before the 29 July Fed meeting, it is highly likely that the US central bank will keep the key interest rate at 3.50-3.75%. For the rest of the year however, much will depend on future developments in the Middle East and energy prices. Nevertheless, we believe that both Trump and Iran are interested in de-escalation. This would eliminate the need for the Fed to raise the key interest rate this year," Berenberg said.On the oil front, shipping through the Strait of Hormuz remained stalled amid the continued exchange of attacks between the US and Iran. The US resumed its blockade of Iranian ports on Tuesday, while Iran's Islamic Revolutionary Guard Corps vowed to close more waterways in retaliation.Zooming in at home, the Dubai Multi Commodities Centre, or DMCC, partnered with Botswana Stock Exchange Group to support the trade of Botswana-based commodities in the international market under a signed memorandum of understanding.On the corporate side, shares of Sharjah Islamic Bank (ADX:SIB) closed the session 1.03% higher as FAB Securities affirmed its buy rating with a price target of 3.85 Emirati dirhams after its second-quarter net profit growth exceeded the financial services company's estimates.Dubai Islamic Bank (DFM:DIB) recorded a higher attributable net profit of 3.57 billion dirhams, driven by growth in both funded and non-funded income streams. Its shares were 0.79% in the green at the time of closing.

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Asia Markets

UAE Shares Slide Ahead of US Inflation Report

Markets in the United Arab Emirates closed in the red again as investors await the release of the latest US inflation print later in the day amid the recent surge in geopolitical tensions.At the close of Tuesday trading, the FTSE ADX General Index shed 0.52%, while the DFM General Index declined 1.281%."After climbing 0.5% in May and 4.2% on an annual basis, the CPI is expected to decline outright, by 0.1% in June, and rise 3.9% on an annual basis, potentially marking the smallest annual gain since April and the first sub-4% reading since April," Stifel commented. "Excluding food and energy prices, the core CPI is also expected to show improvement - or at least no further acceleration in June. The core is expected to rise 0.3% and increase 2.9% year-over-year, potentially matching the gain the month prior."On the geopolitical front, US President Donald Trump said in a social media post that the blockade of Iranian ports in the Strait of Hormuz will resume on Tuesday. Trump also stated that the waterway will remain open to all other countries and proposed charging a 20% fee on ships passing through the waterway.Closer to home, the UAE Ministry of Defence said Tuesday that two national oil tankers, Mombasa and Al Bahiyah, were hit by cruise missiles from Iran, inflicting material damage to both tankers and resulting in one casualty and injuries to eight other crew members.Turning to corporate news, the National Bank of Ras Al-Khaimah (ADX:RAKBANK), d/b/a Rakbank, renewed its collaboration with Mastercard to deliver improved payment services across retail, business, and wholesale banking. Shares of the Abu Dhabi-listed lender closed the session 0.22% lower.International Financial Advisors (DFM:IFA), d/b/a IFA, stocks ended flat at trading close. The financial advisory services group's board cleared a $5 million investment in Warba Data Centers Development Fund and a $4 million financing deal with an unnamed bank to fund the investment.

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Equities

OPEC: UAE's Monthly Crude Oil Production Up in June

The United Arab Emirates' crude oil production amounted to 3.8 million barrels per day in June, based on direct communication from the country, according to the Organisation of the Petroleum Exporting Countries, or OPEC.The amount marks an increase from the 2.1 million barrels per day of crude reported by the UAE in May, OPEC said in its latest Monthly Oil Market Report published Monday. The country previously announced its decision to leave OPEC, effective May 1.Meanwhile, Saudi Arabia told the organization that its supply to the oil market stood at 6.6 million barrels of crude per day in June, down from 7 million barrels per day a month before.Based on secondary sources, Russia's declaration of cooperation crude oil production stood at 8.9 million barrels per day in June, OPEC noted.

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Asia Markets

Abu Dhabi, Dubai Bourses in Red as US-Iran Attacks Continue

Emirati Equities welcomed the new trading week in negative territory as the escalating hostilities in the Middle East weighed on investor sentiment.At the close of Monday trading, the FTSE ADX General Index fell 0.326%, while the DFM General Index lost 1.243%.Tensions between the US and Iran further escalated after both countries exchanged strikes over the weekend. The US Central Command attacked dozens of Iranian air defenses, radar, and missile sites, while the latter retaliated by striking US bases in the Gulf.Oil prices also rose after Iran claimed closure of the Strait of Hormuz and warned vessels against passing through it, reigniting fears of further disruption in supply."Oil prices are getting an additional boost this morning, with ICE Brent up around 4% at the time of writing amid increasing tensions in the Persian Gulf. It was another weekend of the US and Iran exchanging strikes. Clearly, the risk is that this escalates to levels seen early in the war, where neighbouring countries and their energy infrastructure are also targeted," ING said. "Escalation has slowed vessels transiting the strait to a trickle, renewing concerns over oil supply tightness through the third quarter."Back home and on the corporate front, Anan Investment Holding (ADX:ANAN) appointed BHM Capital Financial Services (DFM:BHMCAPITAL) as its liquidity provider for stocks listed on the Abu Dhabi bourse. Anan Investment ended 0.81% lower, while BHM Capital Financial Services ended the session 1.86% in the green.Elsewhere, Emirates Central Cooling Systems (DFM:EMPOWER), d/b/a Empower, closed the session 0.62% higher as it received a contract to supply district cooling services for the Mercedes-Benz Places Binghatti City project in Dubai.

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International

KOF Global Barometers Increase in July

The KOF Swiss Economic Institute's global economic barometers rose in July, moving slightly above the 100-point level, indicating an improvement in the economic momentum worldwide.The coincident global barometer rose 0.6 points to 104.5 points, while the leading barometer increased 0.7 points to 102.5 points, according to a Friday release.The increase in both barometers was largely attributed to positive contributions from the Asia, the Pacific and Africa region and Europe.

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Asia Markets

Emirati Indices Snap Losing Streak; UAE's e& Gains on Vodafone Deal

Stock trading in the United Arab Emirates broke a two-day losing streak and ended the last trading day of the week on a higher note after markets breathed a sigh of relief on reports of easing geopolitical fears.Abu Dhabi's FTSE ADX General Index was up 0.549%, while Dubai's DFM General Index added 0.862% at Friday's closing.Oil prices fell as Bloomberg News reported, citing a US official, that technical talks between the US and Iran will continue despite their latest exchange of attacks over the past two days."Those oil price declines followed headlines suggesting that the escalation between the US and Iran might not prove as serious as initially feared. Most notably, sentiment was supported by comments from President Trump late on Wednesday night, that we mentioned yesterday, saying that Iran wanted 'to make a deal so badly'. So when US and European markets reopened yesterday, they were buoyed by the fact that Trump was still talking about some kind of agreement," Deutsche Bank Research commented.Back home and on the corporate front, Emirates Telecommunications Group Co. (ADX:EAND), d/b/a e&, agreed to sell its entire 16.21% shareholding in British telco Vodafone to Niel family group wholly-owned acquisition vehicle Vega for $5.95 billion. Stocks of e& were the most traded by value on the Abu Dhabi bourse and closed the session 5.29% higher.On the other hand, Adnoc Logistics & Services (ADX:ADNOCLS) gained 0.83% as it decided to expand its fleet of liquefied natural gas carriers with four additional vessels through a $900 million shipbuilding contract to China's Jiangnan Shipyard.Meanwhile, Dubai Electricity and Water Authority (DFM:DEWA), or Dewa, launched its new wholly owned independent subsidiary, Dewa International, to develop power and water projects worldwide through establishing partnerships with global organizations. Dewa ended the session at the 0.36% in the green.

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Equities

IEA: US-Iran Conflict Re-escalation Could Upend Expected Oil Market Surplus in 2027

The expected oil market surplus in 2027 could be upended by the recent re-escalation of the US-Iran conflict after the interim ceasefire deal was breached, leading to a renewed increase in oil prices, according to the International Energy Agency.In its July oil market report published Friday, the IEA said global oil demand is on the road to recovery, expecting it to increase by more than 8 million barrels per day by October from a low of 97.9 million barrels per day in May. Nonetheless, the agency forecasts demand will decline by 1 million barrels of oil per day in 2026 before rebounding by 2 million barrels per day in the next year.Meanwhile, global supply is projected to drop by an average of 3.7 million barrels of oil per day to 102.6 million barrels per day in 2026, assuming that renewed hostilities between the US and Iran quickly de-escalate. Looking ahead, supply is anticipated to increase by 7.5 million barrels per day next year if transit volumes rise."While the global oil market balance looks set to swing back to surplus towards the end of the year, the forecast hinges on the assumption that tanker flows through the [Strait of Hormuz] will gradually recover, allowing producers to restart fields and refiners in the Middle East and elsewhere to resume product shipments. Renewed exchanges of fire in the Gulf this week highlight the risks of not reaching a lasting peace agreement, which is a must for the normalisation in oil markets," the IEA noted.

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Asia Markets

UAE Equities Slide as Geopolitical Risks Resurface

United Arab Emirates indices closed Thursday in the red again as investors resorted to a cautious stance amid the escalating situation between the US and Iran.At the close of trading, the FTSE ADX General Index was little changed at 0.033% in the red, while the DFM General Index declined 0.184%.Dominating headlines all over the world are the US Central Command's second round of strikes on Iran, targeting 90 air defense systems, coastal surveillance assets, missile and drone storage sites, and military logistics infrastructure along the country's coastline. Iran responded by attacking US bases in the Gulf."Tanker traffic through the Strait of Hormuz has essentially stopped, which tells you more about risk perception right now than any statement from Washington or Tehran. Brent's climb to its highest level since 19 June shows how quickly the market is pricing in a ceasefire the US president himself says is over," Rystad Energy head of geopolitical analysis Jorge Leon commented. "It's unclear whether diplomatic channels remain open in practice; the latest military exchanges raise the risk that talks will either stall or continue under much more fragile conditions. Fundamentally, the events of the last few days significantly weaken any confidence that the current 60-day truce can still evolve into a permanent peace agreement."Zooming in at home, Dubai Chambers agreed to collaborate with digital financial platform Wio Bank to deliver business account opening, financing, and credit services to small and medium-sized enterprises in Dubai.On the corporate side, Lulu Retail (ADX:LULU) shares closed the session 0.21% lower. The Abu Dhabi-listed retailer opened a new express store in Oman as part of its broader expansion and customer access-enhancing strategy.Elsewhere, Dubai Electricity and Water Authority (DFM:DEWA), d/b/a Dewa, and Dubai Taxi Co. (DFM:DTC) inaugurated the first ultra-fast electric vehicle charging hub for the latter's electric taxi fleet in Dubai. Dewa gained 0.72%, while Dubai Taxi stocks remained flat at trading's close.

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Asia Markets

Emirati Stocks Fall Amid Renewed Middle East Tensions

Stocks in the United Arab Emirates closed lower as renewed exchange of strikes between the US and Iran drove investors into a risk-off mode.At the close of Wednesday trading, the FTSE ADX General Index declined 0.564%, while the DFM General Index fell 1.511%.The US Central Command carried out new strikes on more than 80 Iranian defense systems, command and control networks, and anti-ship missile sites, as well as over 60 Islamic Revolutionary Guard Corps small boats, in response to Iran's attacks on three commercial vessels in the Strait of Hormuz. It also revoked a license permitting the sale of Iranian oil.Meanwhile, Iran retaliated by targeting US military sites in Bahrain and Kuwait, clouding prospects of a long-term deal between the two countries. Also damping sentiment were US President Donald Trump's comments that the interim agreement with Iran is "over."On the economic front, markets will keep an eye out for the release of the highly anticipated minutes of the Federal Open Market Committee's June meeting later in the day to get cues on the US Fed's next interest rate move."Today's minutes will clarify how serious members are about the possibility of rate hikes. Based on post-meeting communication, we see limited risk of a dovish surprise in the minutes. We expect a cementing of the hawkish message to firm up dollar momentum, although we don't expect it to lead to a break higher as markets may be reluctant to reprice rate expectations aggressively higher (now 35bp by December) after the soft jobs report," ING analysts commented.Back home, Dubai Chambers initiated its Business in Dubai platform to offer corporate services across financial, marketing, technology, and testing and certification sectors to companies aiming to scale their growth in Dubai.Over to corporates, Presight AI (ADX:PRESIGHT) signed a term sheet with Kazakhstan's Ministry of Transport to assess the development of a national operational intelligence platform for real-time monitoring and management of Kazakhstan's transport system. Presight AI closed the session 0.87% higher.Emirates Integrated Telecommunications Co. (DFM:DU) d/b/a du, unit du Pay partnered with Gcash to provide faster and affordable cross-border remittance services to Filipino workers in the UAE. The Dubai-listed telecommunications company's stocks ended 4.23% in the red.

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Asia Markets

Emirati Stocks Gain as Non-oil Private Sector Growth Softens

Stock trading in the United Arab Emirates closed the week on a positive note as investors shrugged off the latest figures from the region's non-oil private sector.At the close of Friday trading, the FTSE ADX General Index and the DFM General Index gained 0.929% and 1.144%, respectively.The S&P Global UAE PMI slipped to 50.8 in June from 52.6 in May, marking the slowest private sector activity expansion in five years. The weak growth reflected delayed consumer spending, weak tourism activity, and elevated input costs due to the disruptions caused by the Middle East conflict."Looking ahead, recent moves towards an easing of geopolitical tensions in the region should help firms recover demand and normalise supply chains - indeed, the greater movement of shipping along the Strait of Hormuz in June led to shorter delivery times. That said, client caution has persisted so far, and businesses have sufficiently moved to cut staff capacity, suggesting that a rebound in the non-oil sector may turn out to be gradual," S&P Global Market Intelligence principal economist David Owen commented.Closer to home, Dubai Chambers conducted a roundtable in Shanghai to outline investment opportunities for Chinese investors and companies in Dubai's technology, agentic artificial intelligence, logistics, and advanced manufacturing sectors.On the corporate side, Two Point Zero Group (ADX:2POINTZERO) unit Multiply Media Group partnered with Arabian Centres Co., d/b/a/ Cenomi Centers, to develop a digital out-of-home advertising network in Riyadh and Jeddah, Saudi Arabia. Two Point Zero Group closed the session 0.47% higher.Al Sagr National Insurance (DFM:ASNIC) shares ended flat. The Dubai-listed insurance company named Jasim Hussain Ahmed Al Ali as its new chairman at its board meeting held on Thursday.Across the pond, the US and Iran concluded their indirect talks in Doha and will resume them after the funeral processions of the former Iranian Supreme Leader Ayatollah Ali Khamenei.

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PMI: Geopolitical Disruptions, Cautious Spending Slow UAE Non-oil Private Sector Growth in June
US Markets

PMI: Geopolitical Disruptions, Cautious Spending Slow UAE Non-oil Private Sector Growth in June

Regional geopolitical strain and cautious client spending slowed the United Arab Emirates' non-oil private economic momentum, with the sector growing at its slowest pace since February 2021.The S&P Global UAE PMI fell to 50.8 in June 2026 from 52.6 a month ago, data from S&P Global showed Friday. The reading was marginally above the neutral 50 threshold, indicating a "marginal" improvement in operating conditions among non-oil industry businesses.Despite reaching a three-month peak, new business growth remained below the historical average as inflation, tourism slump and delayed client spending dampened overall demand. As a result, staff numbers fell at the fastest rate since August 2020, which also reflects rising costs and productivity drives.Backlogs in June rose at the second-slowest pace in two and a half years amid subdued capacity pressures. Meanwhile, purchasing activity recovered sharply for the month, driven by sales-driven restocking and defensive inventory building to protect against potential supply disruptions and shortages.Zooming in on Dubai, the PMI also slipped to 50.7 in June 2026 from 52 previously, marking the softest improvement in the Emirate's non-oil private sector since January 2021 amid slowing demand growth. While ongoing spending delays and Middle East conflict-related travel reductions weighed on sales growth, businesses ramped up output at the fastest pace since March 2026."Looking ahead, recent moves towards an easing of geopolitical tensions in the region should help firms recover demand and [normalize] supply chains - indeed, the greater movement of shipping along the Strait of Hormuz in June led to shorter delivery times. That said, client caution has persisted so far, and businesses have sufficiently moved to cut staff capacity, suggesting that a rebound in the non-oil sector may turn out to be gradual," S&P Global Market Intelligence principal economist David Owen said.

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International

S&P: UAE Non-oil Private Sector Growth Slows in June

The United Arab Emirates' non-oil private sector grew at the slowest rate in five years in June as geopolitical volatility triggered cautious customer spending and weakness in tourism.The S&P Global UAE PMI stood at 50.8 in June, down from 52.6 in May, S&P Global said Friday.

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Asia Markets

UAE Stocks Close Mixed Ahead of PMI Data

United Arab Emirates shares ended on both sides of the spectrum as investors will shift their focus to the upcoming release of the country's key economic indicator.At the close of Thursday trading, the FTSE ADX General Index added 0.216%, while the DFM General Index lost 0.324%.Investors will await the release of the closely-watched UAE S&P Global Purchasing Managers' Index data for June on Friday to see how the region's non-oil private sector performed amid the ongoing uncertainties in the Middle East. The data inched up to 52.6 in May from 52.1 in April.On the geopolitical front, Qatar's Foreign Ministry spokesperson Majed Al-Ansari said in a social media post that "positive progress" was made on certain aspects of the US and Iran's June memorandum of understanding during the indirect low-level technical talks held in Doha on Wednesday.Closer to home, the UAE's Ministry of Finance listed the country's inaugural sovereign retail T-sukuk on Nasdaq Dubai. The oversubscribed offering received subscription requests of 445 million Emirati dirhams, resulting in the increase of the issue size to 100 million dirhams from 50 million dirhams."The listing of the UAE's inaugural Sovereign Retail T-Sukuk Programme marks an important step in the continued development of the country's capital markets. By lowering the barrier to entry for government-backed fixed-income investments and bringing them to a transparent, regulated marketplace, this programme opens the door for more individuals to participate in an asset class that has traditionally been beyond the reach of many retail investors," Nasdaq Dubai and Dubai Financial Market Chief Executive Officer Hamed Ali commented.On the corporate side, Burjeel Holdings (ADX:BURJEEL) finalized the issue of its $500 million Regulation S senior unsecured sukuk due 2031 as part of its efforts to diversify its funding sources and bolster its capital structure. Its shares closed 2.63% lower.Dubai-listed lender Mashreq Bank (DFM:MASQ) partnered with Sukoon Insurance (DFM:SUKOON) to launch an embedded insurance service for small- to medium-enterprise customers. Mashreq Bank shares ended 0.78% in the red, while Sukoon Insurance closed the session flat.

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Asia Markets

UAE Indices Diverge as US-Iran Hold Indirect Talks

Stocks in the United Arab Emirates struggled to find direction on Wednesday as markets await the outcome of indirect technical talks between the US and Iran taking place in Qatar.At the close of trading, the FTSE ADX General Index declined 0.16%, while the DFM General Index added 0.915%.US envoys Jared Kushner and Steve Witkoff met Qatari Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani on Tuesday to discuss the ongoing situation with Iran. Iran, however, said it will not meet the US delegates but is engaged with Qatari mediators.Oil prices dropped slightly as markets remained optimistic that both countries would work out a deal to reopen the Strait of Hormuz and that oil flows through the waterway could return to pre-war levels. Brent crude oil futures stood at nearly $72.383 per barrel as of 3:17 pm UAE time, down 0.78% from the previous day."Oil prices came under further pressure yesterday, leaving ICE Brent to close out its weakest quarter since 2020, dragged down by growing confidence that Persian Gulf crude flows are on the mend," ING analysts said. "The oil market continues to take an optimistic view on a supply recovery from the Persian Gulf, despite recent flare-ups between the US and Iran. Indirect talks in Doha this week have reportedly been positive."Zooming in at home, UAE President Sheikh Mohamed bin Zayed Al Nahyan met with his Chadian counterpart, Mahamat Idriss Déby Itno, to discuss their comprehensive economic partnership agreement and bolster their bilateral ties in the economy, trade, and renewable energy sectors.Over to corporates, Abu Dhabi National Co. for Building Materials (ADX:BILDCO), d/b/a Bildco, agreed to buy a 50% stake in AG Group, an integrated business group based in Dubai. The building materials company's stocks closed the session 1.21% in the green.Emirates NBD (DFM:EMIRATESNBD) shares closed 1.56% higher as it signed a memorandum of understanding with Alba Cars to offer short-term automotive financing services to local dealers and partners.

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Asia Markets

Abu Dhabi, Dubai Stocks Fall Amid US-Iran Talks Uncertainty

Stock trading in the United Arab Emirates ended in the red again as uncertainty over potential talks between the US and Iran weighed on sentiment.At the close of Tuesday trading, the FTSE ADX General Index was down 0.359%, while the DFM General Index lost 0.63%.US President Donald Trump said in a social media post on Monday that a meeting with Iran will take place in Doha on Tuesday at the latter's request, conflicting with Iranian Foreign Ministry spokesperson Esmaeil Baghaei's same-day statement that no talks were planned with the US in the coming days."The price action in recent weeks reflects a market that is treating this temporary ceasefire between the US and Iran as a permanent deal. This is clearly not the case, and as we have seen over the last four months, the situation can change very quickly," ING said. "It took long enough to agree on a temporary ceasefire. Reaching a permanent deal which tackles the nuclear issue within 60 days would be very optimistic."Back home, the UAE and Ukraine's comprehensive economic partnership agreement will become effective on Wednesday. The deal focuses on new trade and investment opportunities, the elimination and reduction of certain tariffs, and enhancing private sector collaboration between the two countries.Amid a quiet day on the corporate side, Sagasse Investment Co. (ADX:SAGA) returned to trading on the Abu Dhabi bourse following a temporary suspension due to its annual general meeting. Shares of the investment company closed the session flat.Shares of Dubai Residential REIT (DFM:DUBAIRESI) ended the session 0.79% in the red. The pure-play real estate investment trust purchased 220 townhouses at Jebel Ali Village residential community in Dubai at a forward purchase price of 894 million Emirati dirham.

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Asia Markets

Emirati Shares End Lower as US-Iran Exchange Fresh Strikes

United Arab Emirates equities kicked off the new trading week in the red as investors adopted a cautious stance following the exchange of fresh strikes between the US and Iran.At the close of Monday trading, the FTSE ADX General Index lost 0.41%, while the DFM General Index declined 0.415%.The US and Iran launched retaliatory strikes over the weekend, accusing each other of violating their ceasefire deal. The tensions, however, de-escalated as both countries agreed to halt their attacks and resume talks in Qatar."All this demonstrates that there's still plenty of risk facing the oil market. Even so, participants appear to be shrugging off these developments, instead focusing on what a continued recovery in oil flows would mean for the global balance. This complacency is odd and clearly leaves significant upside risk if the supply recovery proves slow - or if we see significant re-escalation. While the oil market is technically in oversold territory, momentum appears to still be to the downside," ING said.Back at home, Abu Dhabi's Department of Health signed a memorandum of understanding with Eli Lilly's Eli Lilly Drugstore to explore the development of an artificial intelligence-powered obesity healthcare model and an Alzheimer's disease center of excellence in Abu Dhabi.On the corporate side, Adnoc Logistics & Services (ADX:ADNOCLS) was the Abu Dhabi bourse's most traded stock by value and closed 1.01% in the green. The energy maritime logistics company raised its full-year net profit and revenue guidance on the back of improved material handling volumes in the second quarter.Elsewhere, Mashreqbank (DFM:MASQ) will collaborate with Mastercard to expand its quick remit service globally, offering its customers a quick and secure way of transferring funds abroad through its digital banking channels. Shares of the Dubai-listed lender closed the session 0.78% lower.

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Asia Markets

UAE Stocks End Week Mixed as US Inflation Rises

Markets in the United Arab Emirates closed the last trading day of the week diverged as investors dissected the latest inflation figures from the US to get insights into future interest rate policies.At the close of Friday trading, the FTSE ADX General Index was little changed at 0.04% in the green, while the DFM General Index lost 0.104%.The annual US personal consumption expenditures price index rose 4.1% in May, hitting a three-year high, with a 0.4% increase on a monthly basis. Core PCE, on the other hand, grew 0.3% monthly, similar to April and 3.4% on an annual basis. The latest inflation readings prompted markets to price in the possibility of interest rate hikes by the US Fed."The global economy will likely be tested by tighter financial conditions emanating from the US. The labor market firmed up and inflation dynamics have deteriorated in the US. While some one-offs are partly to blame, and tariffs should soon roll off, most of the FOMC seems to be losing patience aſter 5 years of high inflation. We have been clear that the economy was not asking for cuts and there is a lot of uncertainty on how the Fed will operate, but we now expect 75bp of Fed hikes this year, starting in September," BofA Global Research said.On the geopolitical front, Iran's Revolutionary Guards launched a drone strike on a cargo ship in the Strait of Hormuz near Oman, pausing a UN maritime agency's operation to escort vessels through the waterway and casting doubts over the interim peace deal signed with the US.Zooming in at home, Nasdaq Dubai listed $500 million of senior unsecured trust certificates issued by multilateral financial institution The Arab Energy Fund, with the issuance receiving orders worth more than $900 million.On the corporate side, Aldar Properties (ADX:ALDAR) was the Abu Dhabi bourse's most traded stock by value and closed 2.28% higher. The real estate developer generated more than 680 million Emirati dirhams in sales through the selling-out of townhouses at the Orchids at Yas Acres project in Abu Dhabi.Dubai Electricity and Water Authority (DFM:DEWA) and energy technology company Siemens Energy conducted a workshop to explore opportunities across digital transformation and sustainability initiatives and boost stakeholder value and decision-making through artificial intelligence. Shares of Dubai-listed electricity and water services company closed 1.07% in the red.

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Asia Markets

UAE Shares in Red Ahead of Key US Economic Data

Stocks in the United Arab Emirates ended lower as markets await the release of key economic data from the world's biggest economy later in the day.At the close of Thursday trading, the FTSE ADX General Index declined 1.174%, while the DFM General Index shed 1.431%.The US Bureau of Economic Analysis will release the personal consumption expenditures price index reading for May on Thursday. The data, which is the Federal Reserve's preferred measure of inflation, is expected to increase 0.5% in May and 4.1% on an annual basis, while core CPI is expected to rise 0.3% monthly and 3.4% year over year.On the geopolitical front, US President Donald Trump said in a social media post that Iran informed the US that it is not receiving tolls, insurance costs, and other charges from vessels passing the Strait of Hormuz. Trump also vowed to end negotiations in case the information turns out to be false."Oil prices continue to ease amid reports of further improvement in conditions overseas. According to vessel-tracking data compiled by Bloomberg, seven tankers have crossed the Strait of Hormuz or were in the strait yesterday, while separately, data analytics company Kpler reported 39 ships moved through the chokepoint on Monday," Stifel said in a note. "Both the U.S. and Iran have signaled broad-based progress toward ending the war. That being said, the situation remains delicate as negotiations continue."Closer to home, the Dubai Financial Services Authority, or DFSA, recorded a 16% year-over-year growth in licensed and registered firms in 2025, bringing the total number to 1,050.Over to corporates, shares of Burjeel Holdings (ADX:BURJEEL) ended 1.71% lower. The healthcare company priced its $500 million offering of Regulation S five-year senior unsecured sukuk for local and international investors.Meanwhile, in Dubai, Emirates Integrated Telecommunications Co. (DFM:DU) d/b/a du, delivered the first deployment of 5G-advanced services over L-Band spectrum to boost spectrum efficiency and enhance network capacity and quality. Shares of the telecommunications company closed the session 0.87% in the red.

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Asia Markets

Emirati Equities Diverge as Oil Prices Fall on Hormuz Flow Optimism

United Arab Emirates equities struggled to find direction on Wednesday as oil prices continued to trade lower amid hopes that shipping through the Strait of Hormuz would normalize soon.At the close of trading, the FTSE ADX General Index lost 0.312%, while the DFM General Index was up 0.116%."Oil prices continue to move lower as flows from the Persian Gulf start to recover. Price action suggests the market is assuming a rapid recovery in traffic through the Strait of Hormuz," ING said. "Vessel crossings increased in recent days, although they remain well below pre-war levels. Estimates suggest that roughly 6-7m b/d of oil moved through the strait in recent days, which is still far below pre-war flows of around 20m b/d. However, with pipeline diversions for Saudi Arabia and the UAE, we only need to see oil flows through the strait return to around 14m b/d for oil supply from the Persian Gulf to return to pre-war levels."On the economic calendar this week is the release of the US personal consumption expenditures price index data for May on Thursday. The data is the Federal Reserve's preferred measure of inflation and will provide investors with clues on future monetary policies.Back home, Abu Dhabi's Department of Health partnered with Biocom California to enhance connectivity between researchers, investors, and entrepreneurs and boost the growth of life sciences activities across both regions.Turning to corporate news, shares of Abu Dhabi Ports Co. (ADX:ADPORTS), d/b/a AD Ports Group, closed the session 1.03% in the red. The port and industrial zones developer boosted its equity stake in Global Feeder Shipping to 81%.Dubai-listed Etihad Energy (DFM:ETIHADENERGY) commenced the front-end engineering design process for its refinery development project in Fujairah, which aims to process naphtha into Euro 5-compliant gasoline. Shares of the maritime and shipping company closed the session 0.66% higher.

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