Inventory markets within the United Arab Emirates slipped on Friday however ended the week greater, with a rebound in oil costs offering some help whilst buying and selling volumes thinned forward of the brand new yr.
“Market noticed restricted motion as we speak. Whereas the rebound in oil costs this week supplied short-term help, the bearish 2026 surplus narrative stays a lingering threat that would weigh on investor sentiment within the coming months,” stated Joseph Dahrieh, managing principal at Tickmill.
Oil prices, a key catalyst for Gulf equities, had been little modified throughout Friday’s session. Buyers weighed potential provide dangers tied to rising geopolitical tensions after the US carried out airstrikes towards Islamic State militants in Nigeria and stepped up financial stress on Venezuelan oil.
In Abu Dhabi, the index closed flat as losses in client discretionary and vitality shares offset features throughout different sectors. The market rose 0.7 per cent for the week, ending a weekly dropping streak.
Conglomerate Alpha Dhabi Holding fell 0.5 per cent and Abu Dhabi Industrial Financial institution slid 1.5 per cent, while Presight AI Holding gained 1.2 per cent. First Abu Dhabi Financial institution, the UAE’s largest lender, added 0.5 per cent.
Dubai’s benchmark index shed 0.1 per cent, pressured by declines in monetary and client discretionary shares, even because it logged its fifth consecutive weekly achieve. Dubai Islamic Financial institution eased 0.8 per cent, while low-cost provider Air Arabia fell 1.7 per cent.
