Dubai Stocks Reach 21-Week High as Emirates NBD Climbs to Its Best Level Since February

The market value of companies listed on the Dubai Financial Market rose to Dh1.047 trillion from Dh1.027 trillion at Tuesday's close, a gain of about Dh20.3 billion, according to market data reported by Al Bayan.

The gains come as investors return to UAE equities after a year in which the regional war has hit Gulf trade and S&P Global Ratings estimates Dubai's economy contracted. Local investors were net buyers on the day, putting in a net Dh93 million. They bought Dh620.5 million of shares and sold Dh527.5 million.

Emirates NBD rose 4.3% to Dh34.8, its highest level since February. Emaar Properties drew the most trading of any Dubai stock, Dh512.2 million, and closed 0.31% higher at Dh12.94. Emaar Development also gained. DIP Holding, which made its market debut on Wednesday in the UAE's first initial public offering of 2026, closed at Dh1.18, 5.4% above its Dh1.12 offer price.

Among smaller stocks, Al Ramz rose 8.6%, Shuaa Capital 6.73% and Dubai Taxi 3.98%. Dubai Refreshments fell 4.95%, Aramex 3.76%, Aman 2.95% and Amanat Holdings 2.13%. Aramex had reported record quarterly revenue of Dh1.98 billion earlier in the day.

In Abu Dhabi, the FTSE ADX General Index rose 0.31% to 9,585.06. First Abu Dhabi Bank was the most actively traded stock, at about Dh530 million, on the day the UAE's largest lender announced plans to raise Dh15 billion through a rights issue priced at Dh13.52 a share, a 30% discount to Tuesday's close. ADNOC Gas drew Dh383.6 million and Aldar Properties Dh311.4 million. Eleven block trades in ADNOC Gas covered 8 million shares at Dh3.39 each, worth Dh27.12 million. Space42 gained 4% and Abu Dhabi Islamic Bank 4.7%, while PureHealth slipped 1.54% and Alpha Dhabi Holding 1.93%.

Across the Gulf, Saudi Arabia's Tadawul All Share Index rose 1.38% to 10,308, a one-month high, on turnover of SAR4.8 billion, with Saudi Aramco up about 1.6%. Muscat gained 1.3% and Kuwait 0.31%, while the Qatar exchange fell 0.51%.