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5 stories mentioning DFM:BHMCAPITALUpdated 17d ago

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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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Asia Markets

Emirati Stocks Blink Green on Cheers from US-Iran Deal

Markets in the United Arab Emirates returned to trading on a positive note as investors cheered the interim agreement between the US and Iran to end their more than three-month-long war.At the close of Tuesday trading, the FTSE ADX General Index was up 1.614%, while the DFM General Index gained 1.695%.Oil prices fell after US President Donald Trump said that a preliminary deal was reached with Iran comprising the extension of the ceasefire for 60 days and reopening of the Strait of Hormuz, with formal signing to take place in Geneva on Friday. Both countries are also expected to discuss matters around Iran's nuclear program during the ceasefire period."The US-Iran MOU is an important de-escalation, but it is not a resolution, and markets should not price it as one," Rystad Energy head of geopolitical analysis Jorge Leon commented. "Flows through the Strait will take time to normalize even if the MOU holds, and the ceasefire remains exposed to Lebanon, to sequencing disputes, and to the gap between what both sides think they signed. We are not going back to a pre-crisis oil market, but instead we are entering a more uncertain, more volatile one."On the economic front, investors will await the US Fed interest rate verdict on Wednesday to get fresh clues on how the peace deal and the possible resumption of oil flows through the Hormuz waterway will impact future monetary policies.Back home, Dubai Chambers, in cooperation with the London Chamber of Commerce and Industry, organized an open dialogue in London to highlight investment opportunities and support for British investors in Dubai as part of a recently signed free trade deal between the Gulf Cooperation Council and the UK.On the corporate front, Ras Al Khaimah Co. for White Cement & Construction Materials (ADX:RAKWCT) shares ended 2.89% higher despite recording a lower profit and revenue in fiscal 2026.Elsewhere, BHM Capital Financial Services (DFM:BHMCAPITAL) activated its integration with ADX Managed Services to boost operational efficiency and security of digital transaction processing. Shares of the financial services company closed flat.

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Asia Markets

Geopolitical Uncertainties, Volatile Oil Prices Weigh on Emirati Stocks

Markets in the United Arab Emirates closed lower on Monday as the FTSE ADX General Index declined 1.202%, while the DFM General Index shed 1.738%.Oil prices climbed amid no hopes for an end to the Iran war. US President Donald Trump said in a social media post that the "clock is ticking" for Iran to make a deal, and "there won't be anything left of them," if an agreement is not reached."The oil market continues to reprice ongoing supply disruptions, with last week's Trump-Xi talks yielding no tangible progress in the Middle East. There had been hope (possibly misplaced) that China could use its influence over Tehran to break the deadlock between the US and Iran. If anything, re-escalation risks are increasing, with a drone strike on the UAE's only nuclear power plant over the weekend," ING said.As of 3:31 pm UAE time, the Brent crude oil futures stood at nearly $110.591 per barrel, up 1.22% from the previous day.Closer to home, the UAE's Ministry of Defence said Sunday that investigations are being carried out to confirm the source of the three drones, two of which were intercepted and one led to a fire at an electrical generator outside the inner perimeter of the Barakah nuclear power plant in Abu Dhabi. The ministry added that the drones entered the country from the western border.Over to corporates, Abu Dhabi National Energy Co. (ADX:TAQA), d/b/a Taqa, finalized the sale of a 49% stake in transportation and mobility services company Massar Solutions to BlueFive Capital. Shares of the energy company closed the session 3.91% in the red.Meanwhile, in Dubai, BHM Capital Financial Services (DFM:BHMCAPITAL) recorded a 22% and 38% year over year growth in its net profit and total revenue, respectively, for the three months ended March 31. The financial and investment company's stocks ended flat.

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Asia Markets

Emirati Stocks End Week Downbeat as Fresh US-Iran Attacks Weigh on Market Sentiment

Markets in the United Arab Emirates ended Friday's trading session in negative territory as investors turned cautious amid renewed attacks between the US and Iran.At the close of trading, the FTSE ADX General Index fell 0.370%, while the DFM General Index was 0.50% in the red.Iran attacked three US warships in the Strait of Hormuz, and the US Central Command retaliated with attacks on Iranian military facilities involved in the strikes, diminishing markets' hopes for a peace deal and a stable ceasefire.The exchange of attacks follows reports that Iran is reviewing a US proposal and is expected to respond through Pakistan. US President Donald Trump also said in a social media post on Friday that the US will knock Iran "a lot harder, and a lot more violently" if a deal is not signed."Market optimism is fading again, after some military skirmishes in the Strait of Hormuz and the US restarting its escorting programme. There is still some hope that a deal will be agreed before the 14-15 May US-China summit, but risks are clearly very binary for USD crosses at this stage," ING said. "If this proves to be another episode of misplaced optimism on a US-Iran deal, not only does the dollar have plenty of upside room to recover, but there's a good chance investors will prove more cautious and won't jump as aggressively into de-escalation trades without concrete progress in negotiations."Closer to home, the UAE's Ministry of Defence said in a Friday statement that the country's air defense systems engaged two ballistic missiles and three unmanned aerial vehicles from Iran.On the corporate side, Emirates Driving Co. (ADX:DRIVE) rebranded to Emirates Mobility Co. as part of its strategic transformation into an integrated mobility ecosystem. Shares of the driving school operator closed the session 1.59% lower.Over in Dubai, Emirates Integrated Telecommunications Co. (DFM:DU), d/b/a du, closed 3.13% in the green. The telecommunications company appointed BHM Capital Financial Services (DFM:BHMCAPITAL), whose shares closed the session flat, as its liquidity provider.

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Asia Markets

Abu Dhabi, Dubai Shares Fall; US Extends Iran Ceasefire

Emirati shares ended Wednesday's trading session in the red as investors remained cautious amid the uncertainty over peace talks between the US and Iran.At the close of trading, the FTSE ADX General Index was down 0.764%, while the DFM General Index dropped 1.059%.US President Donald Trump said that he extended the ceasefire with Iran and will continue with the blockade of its ports until a "unified proposal" is submitted and discussions are finalized.Meanwhile, Iranian Foreign Minister Seyed Abbas Araghchi said in a social media post that the blockade of Iran's ports is an "act of war" and a violation of the ceasefire agreement. Araghchi also mentioned that the country knows how to neutralize these restrictions."War headlines remain very inconclusive. President Trump's announcement of a last-minute ceasefire extension likely validates some degree of optimism that hasn't left USD crosses despite the deadline approaching. But the situation in the Strait of Hormuz remains as unclear as ever, with the US blockade still in place and reports that a UK container ship was shot at by the Iranians yesterday," ING said.Back home and on the corporate front, Palms Sports (ADX:PALMS) closed 2.69% lower. The sports management company reported a higher first-quarter attributable profit of 18.6 million Emirati dirhams, backed by a growth in contract expansions and effective cost management.Over in Dubai, BHM Capital Financial Services (DFM:BHMCAPITAL) approved a total shareholder distribution of 20%, comprising 5% cash dividends and 15% bonus shares, for 2025. Shares of the financial services group were 5.51% in the green at closing.

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