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196 stories mentioning FTSE ADX General IndexUpdated 7h ago

Abu Dhabi equities trade amid optimism over a US-Iran peace deal to reopen the Strait of Hormuz, while Adnoc launched a third crude tender.

Asia Markets

Abu Dhabi, Dubai Stocks End Higher; Oil Hits Six-week High as Middle East Conflict Intensifies

Markets in the United Arab Emirates closed higher as investors looked past escalating tensions in the Middle East and higher oil prices.At the close of Tuesday trading, the FTSE ADX General Index gained 0.454%, while the DFM General Index was up 0.259%.Oil prices remained above $95 per barrel, hitting a six-week high, as Iran-backed Houthis attacked energy infrastructure and cities in Saudi Arabia, resulting in more than 70 injuries. The attacks followed an exchange of strikes between the US and Iran in the Strait of Hormuz over the weekend.Brent crude oil futures stood at nearly $98.71 per barrel as of 3:50 pm UAE time, up 1.59% from the previous day.Zooming in at home, ADGM, Abu Dhabi's international financial center, recorded 54% year-over-year growth in assets under management, with the total number of active licenses reaching 13,974 in the first half."Abu Dhabi is increasingly becoming the place where all these factors converge seamlessly and meaningfully. Through ADGM, we are building on this momentum, reinforcing Abu Dhabi's position as the Capital of Capital and advancing our ambition to become among the world's top five leading international financial centres," ADGM Chairman Ahmed Jasim Al Zaabi commented.On the corporate side, First Abu Dhabi Bank (ADX:FAB) gained 0.41% at closing as it joined the UN Sustainable Blue Economy Finance Principles and established a 100 billion-Emirati-dirham blue finance target to support sustainable water infrastructure and blue economy projects by 2035.Talabat Holding (DFM:TALABAT) partnered with Singaporean deeptech company QuikBot to launch a pilot for autonomous high-rise deliveries in Dubai under a signed memorandum of understanding. Talabat closed the session flat.

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Asia Markets

Emirati Stocks Diverge Amid New US-Iran Strikes; OPEC+ Keeps October Oil Output Unchanged

Shares trading in the United Arab Emirates ended on both sides of the spectrum as oil prices rose amid another exchange of US-Iran attacks in and around the Strait of Hormuz.At the close of Monday trading, the FTSE ADX General Index lost 0.016%, while the DFM General Index added 0.793%.The US Central Command struck three Iranian oil tankers off Kharg Island, Jask, and in the Gulf of Oman in response to ballistic missile attacks by Iran's Islamic Revolutionary Guard Corps on two US Navy warships.Meanwhile, Iranian Parliament Speaker Mohammad Bagher Ghalibaf threatened to strike US energy facilities in the region if it launches any attacks on Iranian assets."Oil prices are modestly stronger this morning amid the latest escalation in the Persian Gulf. However, European gas prices are seeing more strength given the latest attacks," ING said. "Iran says it has also taken action against tankers navigating unauthorised routes, and now plans to enforce a new restricted zone outside the Strait of Hormuz - a move that could put additional vessels in the Gulf of Oman at risk."In other news, seven OPEC+ countries, including Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman, agreed to keep oil output unchanged for October at their virtual meeting on Sunday.Closer to home, the UAE Central Bank took part in the sixth preparatory committee meeting of Gulf Cooperation Council central bank governors to discuss challenges in recent monetary and financial developments, review current and future initiatives planned for central banks, and boost cooperation in the banking sector.Over to corporates, Aldar Properties (ADX:ALDAR) gained 1.68% as it launched the Sei Saadiyat residential development comprising 778 homes across six residential buildings in the Saadiyat Cultural District in Abu Dhabi.Elsewhere, Salik (DFM:SALIK) renewed its operations and maintenance deal with Transcore for five years to ensure support for its existing services and future initiatives and activities. Shares of the Dubai-listed tollgate operator closed flat.

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Equities

Market Chatter: Adnoc Reportedly Weighs Stakes in Refineries in Thailand, Nigeria

Abu Dhabi National Oil Co., d/b/a Adnoc, is reportedly looking to acquire stakes in refineries operated by PTT Pcl units in Thailand and in Dangote's facilities in Nigeria.Citing unnamed sources, Bloomberg News reported Monday that the proposed Thai deal, which could be announced in 2026, would allow Adnoc to supply crude to the facility and purchase fuels to sell to other buyers.Adnoc did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia Markets

UAE Shares End Week Higher; Oil Holds Above $95 Amid Renewed US-Iran Tensions

Emirati Equities ended the last trading day of the week on a positive note despite renewed US-Iran escalation keeping oil prices high due to supply disruption fears.At the close of Friday trading, the FTSE ADX General Index was up 0.503%, while the DFM General Index gained 0.704%."Oil prices remain elevated, with ICE Brent holding above US$95/bbl amid a pickup in hostilities between the US and Iran this week. This included Iran firing missiles into neighbouring Gulf countries. Escalation is propping up crude, but the rally may lose traction if Hormuz shipments keep moving smoothly," ING said. "The expectation had been for an increase, suggesting the market is not as tight as thought."US Vice President JD Vance said the conflict with Iran is not a war and that major combat operations have already been concluded. Vance added that the US aims to ensure safe commercial shipping through the Strait of Hormuz.Back home and amid a quiet day on the corporate front, Aldar Properties (ADX:ALDAR) and Abu Dhabi Commercial Bank (ADX:ADCB) concluded Abu Dhabi's first mortgage financing on an off-plan property under Abu Dhabi Real Estate Centre's newly launched framework. Aldar Properties and Abu Dhabi Commercial Bank closed 1.58% and 1.20% in the green, respectively.Etihad Energy Holding (DFM:ETIHADENERGY) paused trading to hold its general assembly on Friday to terminate its current external auditor and appoint a new one. Shares of the maritime and shipping company ended flat when it last traded on Thursday.

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Equities

Market Chatter: Adnoc Reportedly Continues LNG Exports via Hormuz Despite Escalating Conflict

Abu Dhabi National Oil Co., d/b/a Adnoc, has continued loading tankers with liquefied natural gas in the Persian Gulf amid the recent escalation of conflict in the Strait of Hormuz, Bloomberg News reported Friday, citing satellite images.The news outlet noted that ship-tracking data showed no tankers broadcasting their location near the Das Island export facility, but satellite data from Wednesday showed one vessel docked at the facility, with another tanker seen nearby.Bloomberg noted that state-owned Adnoc has been occasionally shipping through Hormuz despite the threat of attacks.Adnoc did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia Markets

UAE Stocks Snap Losing Streak as Non-oil Private Sector Growth Expands

Stocks in the United Arab Emirates broke a three-day losing streak as investors cheered the latest economic data, which signaled solid growth in the country's non-oil private sector.At the close of Thursday trading, the FTSE ADX General Index gained 0.212%, while the DFM General Index was up 0.491%.The S&P Global UAE PMI, an indicator of the country's non-oil private sector activity, rose to 55.3 in August from July's 52.7, marking the fastest improvement in non-oil private sector business conditions since December 2024. New business and output levels grew at a higher rate, while cost pressures softened as supply conditions improved."UAE businesses are actively building supply chain resilience through localisation, with surveyed firms increasingly switching to domestic suppliers to help circumvent geopolitical disruptions. This strategy contributed to a further reduction in delivery times and strong purchasing growth," S&P Global Market Intelligence principal economist David Owen said. "In addition, firms accumulated inventories at the sharpest pace in nearly three years, pointing to growing confidence in the demand outlook and efforts to limit the impact of potential future supply shocks. At the same time, however, employment decreased, reflecting a degree of hesitancy to commit to long-term capacity expansion."Turning to corporate news, Space42 (ADX:SPACE42) launched its Future Spacers program to develop professional skills among local students in line with its National Space Strategy 2031. Shares of the space technology company closed the session 6.67% higher.Sukoon Takaful (DFM:SUKOONTAKAFL) and Ajman Bank (DFM:AJMANBANK) will team up to deliver Sharia-compliant Takaful services to the latter's customers. Sukoon Takaful ended flat, while Ajman Bank added 0.71% at closing.On the geopolitical front, US President Donald Trump said in a social media post that he would not force Iran into negotiations and "couldn't care less" if the Middle Eastern country signs an agreement. Trump also stated that he prefers the US position with almost total control of the Strait of Hormuz.

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Equities

Gulf Marine Services Secures Contract Extension for Small-class Vessel in Middle East

Gulf Marine Services (GMS.L) said Thursday that a major national oil company client exercised the one-year extension option for its chartered small-class vessel.The offshore energy support vessel company's asset will continue to provide maintenance operations for the customer in the Gulf Cooperation Council region, under the same terms and conditions stated in its 2022 contract.

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International

S&P: UAE Non-oil Private Sector Growth Accelerates in August

The United Arab Emirates' non-oil private sector expansion strengthened in August amid a "substantial" growth in new business and a sharper rise in output.The S&P Global UAE PMI stood at 55.3, up from 52.7 a month ago, S&P Global said Thursday. The reading signaled the quickest improvement in operating conditions since December 2024.

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Asia Markets

Emirati Equities Extend Losses Ahead of PMI Data

Stocks in the United Arab Emirates fell for the third consecutive trading day on Wednesday, as the FTSE ADX General Index declined 0.682%, and the DFM General Index lost 0.331%.Markets await the release of the highly anticipated UAE S&P Global Purchasing Managers' Index data for August on Thursday to get insights into the country's non-oil private sector performance. The PMI rose to 52.7 in July from 50.8 in June.On the geopolitical front, the US Central Command said it attacked Islamic Revolutionary Guard Corps air defense sites, radar systems, and communications sites in response to Iran's attacks on commercial shipping in the Strait of Hormuz.Iran responded by targeting US bases in Jordan, Bahrain, and Kuwait, despite US President Donald Trump's warning that the country would be hit at a "much harder and higher level" if it retaliated."Brent pushed back above $95/bbl, reaching its highest level in more than a month, as Persian Gulf tensions escalated further," ING analysts said. "Developments in recent days brought risks to regional oil supplies back into focus. We've seen oil flow through the Strait of Hormuz despite the stalemate between the US and Iran, but rising tensions clearly put crossings at risk."Closer to home, the UAE Central Bank concluded its participation in the Fourth G20 Finance and Central Bank Deputies Meeting and the Second G20 Finance Ministers and Central Bank Governors Meeting in the US as part of its efforts to enhance the stability of the international financial system.Over to corporates, First Abu Dhabi Bank (ADX:FAB) completed live US dollar transactions with Citi using tokenized deposits and Swift smart contract settlements to enable 24/7 cross-border payments. FAB said it is the first bank in the Middle East and Africa to complete transactions at scale under Swift's Ledger Minimum Viable Product. Shares of the Emirati lender closed the session 0.93% lower.Dubai Islamic Bank (DFM:DIB) closed its debut three-year senior unsecured commodity murabaha term facility of $750 million to diversify its funding base. The Dubai-listed lender's stock was 0.27% in the green at closing.

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Asia Markets

Emirati Shares Close Lower as Middle East War Risks Resurface

Shares trading in the United Arab Emirates ended lower again as investors remained cautious amid risks of a broader conflict in the Middle East.At the close of Tuesday trading, the FTSE ADX General Index was down 0.33%, while the DFM General Index was little changed at 0.03% in the red.Iranian President Masoud Pezeshkian stated Tuesday that Iran will immediately reciprocate if the US honors its commitments under the interim agreement signed in June. Meanwhile, US President Donald Trump vowed to hit Iran hard after the recent exchange of strikes.​"Trump said yesterday that the US would respond to Iran's latest attacks against US facilities in the region, though he also sought to downplay the escalation, saying that strikes against Iran will be limited and that 'this is a relatively little war for us,'" Deutsche Bank Research said.​On the oil front, prices continued to trade higher amid the renewed tensions in the Middle East as Brent crude oil futures stood at nearly $92.085 per barrel, up 1.78% from the previous day at 3:15 pm UAE time.​Back home, Dubai Chambers launched a specialized agentic artificial intelligence training program for over 14,000 member companies of the business groups and business councils operating under the organization.​Amid a quiet day for regional corporate news, Lulu Retail (ADX:LULU) opened a new hypermarket in Madinah, Saudi Arabia. Shares of the Abu Dhabi-listed retailer closed the session 1.26% lower.​Elsewhere, Agility Public Warehousing (DFM:MKHZN), d/b/a Makhazen, and its executives were hit with a 10,000 Kuwaiti-dinar penalty due to non-compliance with the Capital Market Authority's disclosure requirements and accounting standards. Makhazen ended 4.44% in the red.

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Equities

Market Chatter: Adnoc Reportedly Restores Ruwais Refinery to Full Capacity After Drone Strike

Abu Dhabi National Oil Co., or Adnoc, reportedly restored its Ruwais refinery to full capacity after it halted operations in March due to a fire caused by an Iranian drone strike, Bloomberg News reported Monday, citing people familiar with the matter.The refinery returned to processing 922,000 barrels of crude daily a month ago, with fuel exports reaching 70% of prewar levels, the report added.The state-owned oil company did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia Markets

UAE Shares Blink Red as Renewed US-Iran Strikes Spook Investors

Markets in the United Arab Emirates started the new trading week in negative territory as risks of renewed escalation between the US and Iran weighed on sentiment.At the close of Monday trading, the FTSE ADX General Index lost 0.369%, while the DFM General Index declined 0.793%.Oil prices rose as the US struck two Islamic Revolutionary Guard Corps rocket launchers on Larak Island in the Strait of Hormuz, targeting minelaying forces. Iran retaliated by attacking US bases in Jordan and claiming drone strikes on the Al Minhad Air Base in the UAE.Meanwhile, the UAE's Ministry of Defence said it identified and intercepted an Iranian unmanned aerial vehicle but denied reports of strikes on Al Minhad Air Base."Oil prices started the week stronger following the first military strikes between the US and Iran in a month. ICE Brent briefly moved back above US$90/bbl in early morning Asia trading," ING said. "This reinforces concerns about a prolonged stalemate between both sides and, as a result, disruptions to energy flows from the Persian Gulf."Back home and on the corporate front, Alpha Dhabi Holding (ADX:ALPHADHABI) shares closed the session 1.17% in the red. The Abu Dhabi-listed investment holding company aims to double its capital commitment in the Mubadala Capital-managed Micad Credit joint venture to $1 billion and increase its ownership to 40% from 20%.United Securities affirmed its hold rating on Emirates Central Cooling Systems (DFM:EMPOWER), d/b/a Empower, after its second-quarter net profit came in line with the investment manager's expectations. The cooling services company's revenue, however, was 16% below the forecast. Empower closed the session 0.63% lower.

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Asia Markets

Abu Dhabi, Dubai Stocks End Shortened Week in Green; US Inflation Remains High

Stock trading in the United Arab Emirates was back in the green on Thursday as market watchers digested the latest US inflation print, which remained above the US Federal Reserve's 2% target.At the close of trading, the FTSE ADX General Index was marginally up at 0.086%, while the DFM General Index gained 0.27%. The bourse will be closed on Friday in observance of Al Mawlid Al Nabawi.The headline personal consumption expenditures price index, the US Fed's preferred inflation tracking tool, climbed 0.2% monthly and 3.7% year-over-year in July. Core PCE, on the other hand, remained in line with expectations at 0.2% month-over-month and 3.3% annually."Unchanged PCE inflation rate in July gives the Federal Reserve (Fed) the leeway to leave the federal funds rate unchanged at 3.50 - 3.75% at its next meeting on 16 September," Berenberg said. "Even though inflation remains above the Fed's 2% target, a sideways trend in the inflation rate does not force the Fed to take action. Furthermore, FOMC members must increasingly weigh up above target inflation against the backdrop of stagnating employment."Over to geopolitics, Iranian Foreign Ministry spokesman Esmail Baghaei said that Qatari Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani will visit Iran on Thursday to revive mediation efforts and discuss the Strait of Hormuz.Closer to home and on the corporate front, Abu Dhabi Islamic Bank (ADX:ADIB), in partnership with Marriott Bonvoy and Visa, launched new travel and lifestyle-focused credit cards for customers. Shares of the Abu Dhabi-listed lender closed the session 0.77% higher.Sukoon Insurance (DFM:SUKOON) signed a memorandum of understanding with Dubai Chamber of Commerce to provide motor and health insurance, investment, and employee benefit services to the latter's employees. Sukoon Insurance shares were flat at the close of trading.

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Asia Markets

Emirati Equities Close Mixed as Investors Await Key US Inflation Data

Shares in the United Arab Emirates diverged as investors braced for key economic data from the world's biggest economy later in the day to gauge the US Federal Reserve's next interest rate move.At the close of Wednesday trading, the FTSE ADX General Index shed 0.339%, while the DFM General Index gained 0.552%."After falling 0.1% in June, the first decline since April 2020, and rising 3.7% on an annual basis, the PCE is expected to rise 0.1% in July and 3.6% on an annual basis, potentially marking the smallest gain since March," Stifel commented. "Excluding food and energy prices, the core PCE is expected to rise 0.2% in July and 3.3% year-over-year, potentially matching the gain reported in June."Also boosting sentiment is the prospect of de-escalation in the Middle East after Pakistan's Interior Minister Syed Mohsin Naqvi announced significant progress in talks with Iran to end the war during his visit to the country. Meanwhile, Iran and Oman discussed an interim framework for a temporary shipping route in the Strait of Hormuz.Back at home, the UAE's Al Dahra Agriculture Trading signed a $500 million agreement to supply imported wheat to Egypt's General Authority for Supply Commodities for five years, bolstering economic and trade partnership between the two countries.Over to corporates, Abu Dhabi Islamic Bank (ADX:ADIB) closed 1.29% higher and was the Abu Dhabi bourse's most traded stock by value. The Islamic bank's board approved a rights issue to raise 1.75 billion Emirati dirhams to support its growth under Vision 2035.BofA Global Research maintained its buy rating and raised the price target for Emirates NBD Bank (DFM:EMIRATESNBD) to 38.5 dirhams from 37.60 dirhams, citing the bank as one of its 10 emerging stocks for 2026 and its potential for higher return on equity. Emirates NBD closed the session 0.39% in the green.

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Asia Markets

UAE Stocks Diverge as US Threatens Secondary Sanctions on Iran's Trading Partners

Shares trading in the United Arab Emirates closed mixed on Tuesday as investors weighed the impact of new US measures on Iran and its trading partners.At the close of trading, the FTSE ADX General Index was up 0.216%, while the DFM General Index declined 0.529%.The US Treasury Department threatened to impose secondary sanctions on 60 individuals, entities and vessels from multiple jurisdictions as part of its "economic onslaught" to cut Iran's financial ties with countries that do business with it.Meanwhile, Iran vowed to counter these sanctions, with Economy Minister Seyed Ali Madanizadeh stating that the country was fully prepared and had a two-year plan in place to withstand these events."The market seems largely unfazed by Washington's push for tighter economic pressure on Iran, with traders treating the US effort to nudge partners away from Iranian trade as marginal rather than market‑moving," ING said. "However, China is the largest buyer of Iranian energy. It remains unclear whether the US would risk a fragile trade truce with Beijing over secondary sanctions. The market is still awaiting further details on a possible timeline for trading partners to wind down ties with Iran."Back home and on the corporate side, Parkin (DFM:PARKIN) partnered with Bahrain Car Parks, or Amakin, to evaluate opportunities across parking technologies, digital mobility services and regional business development. Parkin's shares were 0.17% in the red at closing.FAB Securities affirmed its hold rating on GFH Bank (ADX:GFH, DFM:GFH) with a price target of 2.05 Emirati dirhams after the investment group logged 10.8% year-over-year growth in its second-quarter attributable net profit, its strongest since the same period in 2019. GFH Bank shares closed 1.04% in the green on the Dubai Financial Market and 0.52% higher on the Abu Dhabi bourse.

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Asia Markets

UAE Shares Begin New Week in Green; US to Impose New Economic Sanctions on Iran

Stocks in the United Arab Emirates closed Monday in the green territory as investors brushed aside concerns about the US plans to impose new economic sanctions on Iran.At the close of trading, the FTSE ADX General Index gained 0.438%, while the DFM General Index was up 0.154%.US Treasury Secretary Scott Bessent said that the US will impose new sanctions on Iran, to be announced in a press conference on Monday. The news follows US President Donald Trump's threats last week to ramp up economic pressure on the Middle Eastern country and its trading partners."The measures have been described by the US Treasury Secretary Scott Bessent as an 'Economic D-Day', while Iran has warned that no oil will flow from the Gulf if the 'economic war' continues. Although direct military strikes have eased in recent weeks, the lack of meaningful negotiations means the prospects for any deal are slim in the short term," Danske Bank commented.On the economic calendar this week is the release of the personal consumption expenditures price index for July, the US Fed's preferred inflation gauge, on Wednesday.Closer to home, the UAE and Egypt agreed to hold specialized technical meetings to explore areas of collaboration for the latter's targeted onshore and offshore well-drilling program. The strategic partnership was discussed between Adnoc Drilling Co. (ADX:ADNOCDRILL) Chief Executive Officer Abdullah Ateya Al Messabi and Egyptian Minister of Petroleum and Mineral Resources Karim Badawi. Adnoc Drilling lost 0.16% at closing.On the corporate side, the National Bank of Ras Al-Khaimah (ADX:RAKBANK), d/b/a Rakbank, launched a new offering for customers, enabling them to access Bitcoin and execute transactions with their current and savings accounts through the bank's Rakbank Islamic platform. Shares of the Emirati lender closed the session 0.43% higher.Al Ansari Financial Services (DFM:ALANSARI) unit Al Ansari Exchange partnered with Dubai's Roads and Transport Authority to launch nol travel cards for cashless payments across Dubai's public transport network. Al Ansari Financial Services shares were flat at closing.

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Equities

Update: Market Chatter: Saudi Aramco Reportedly Books Crude Orders from Two Chinese Buyers

(Updates to add Saudi Aramco's statement)Saudi Arabian Oil Co (SASE:2222), d/b/a Saudi Aramco, received orders for a total of 4 ​million barrels of crude for loading outside the Strait of Hormuz from two Chinese buyers, Reuters wrote Thursday, citing unnamed trade sources.PetroChina and Sinochem reportedly each purchased 2 million barrels of Arab Medium ​and Arab Heavy crude cargoes, which the Saudi Arabian oil giant offered on Monday for delivery via ship-to-ship transfers off Fujairah in the United Arab ​Emirates.Saudi Aramco declined to comment when reached by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia Markets

Emirati Indices End Week Mixed as US Vows Economic Pressure on Iran

Stock trading in the United Arab Emirates struggled to find direction on Friday as Abu Dhabi's FTSE ADX General Index declined 0.707%, while Dubai's DFM General Index gained 0.291% at closing.Following US President Donald Trump's threats to intensify economic pressure on Iran and nations that continue to do business with the Middle Eastern country, US Treasury Secretary Scott Bessent said that the details of these US measures would be revealed next week.Meanwhile, Iranian military Chief Ali Abdollahi said that any response to military threats would be "crushing" and "devastating.""In his CNBC interview yesterday, Bessent also said that oil markets were 'misinterpreting' what this economic pressure means, and that he would hold a press conference on Monday to discuss the next steps. With lingering questions of whether the US could target countries economically supporting Iran, China's Foreign Ministry spokesman said 'sanctions and pressure will not help resolve the issue,'" Deutsche Bank Research commented.Zooming in at home, Abu Dhabi Securities Exchange recorded a 99% compliance rate for listed companies' audited financial statements disclosures for the first half. The bourse also reported a 38% year-over-year growth in aggregate profits of these listed companies for the period.Over to corporates, Borouge (ADX:BOROUGE) approved an unchanged interim dividend of 0.081 Emirati dirham per share for the first half of 2026, bringing the total amount of dividends paid to $4.9 billion since its IPO in June 2022. The petrochemicals company closed the session flat.Elsewhere, Al Ramz Capital (DFM:ALRAMZ) renewed its liquidity provision agreement with Adnoc Drilling (ADX:ADNOCDRILL). Al Ramz Capital shares were flat on the Dubai Financial Market, while Adnoc Drilling gained 0.16% on the Abu Dhabi bourse at closing.

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Equities

Market Chatter: Saudi Aramco Reportedly Books Crude Orders from Two Chinese Buyers

Saudi Arabian Oil Co (SASE:2222), d/b/a Saudi Aramco, received orders for a total of 4 ​million barrels of crude for loading outside the Strait of Hormuz from two Chinese buyers, Reuters wrote Thursday, citing unnamed trade sources.PetroChina and Sinochem reportedly each purchased 2 million barrels of Arab Medium ​and Arab Heavy crude cargoes, which the Saudi Arabian oil giant offered on Monday for delivery via ship-to-ship transfers off Fujairah in the United Arab ​Emirates.Saudi Aramco did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia Markets

Emirati Shares Close Mixed as Investors Assess US Fed Meeting Minutes

United Arab Emirates' two benchmark indices diverged on Thursday as investors digested minutes of the US Federal Reserve's latest policy meeting, weighing signals on future rate cuts.At the close of trading, the FTSE ADX General Index was up 0.694%, while the DFM General Index was little changed at 0.04% in the red."The minutes to the July Federal Reserve FOMC policy meeting lean a touch hawkishly, but that was to be expected given three officials had dissented. Beth Hammack, Lorie Logan and Neel Kashkari had all voted for an immediate 25bp interest rate increase, while nine other committee members voted to hold the fed funds range at 3.5-3.75%," ING said. "The minutes showed 'several participants' favoured a rate hike and 'many' assessed that rate hikes would likely be needed if inflation didn't decline. In the end though 'most' supported holding rates steady."Over to geopolitics, US President Donald Trump said in a social media post that he would intensify economic pressure on Iran and also vowed "tremendous" economic consequences against countries supporting or trading with the Middle Eastern country.The latest comments from Trump also put upward pressure on oil prices, which extended gains for a fifth consecutive day. As of 03:43 pm UAE time, Brent crude oil futures were trading at nearly $94.262 per barrel, up 2.88% from the previous day.Back home and on the corporate side, Abu Dhabi Ports (ADX:ADPORTS), d/b/a AD Ports Group, shares closed the session flat. The port and industrial zones developer announced that Abu Dhabi Developmental Holding Co., d/b/a ADQ, appointed International Securities LLC as the co-manager of its voluntary conditional cash offer for the company.Dubai Islamic Bank (DFM:DIB) launched a new off-plan home finance proposition, offering customers Sharia-compliant financing of up to 50% of the property value being purchased from developers in the country. Shares of the Emirati lender were up 0.95% at closing.

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