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Inventory markets within the United Arab Emirates slipped on Friday however ended the week larger, with a rebound in oil costs offering some assist at the same time as buying and selling volumes thinned forward of the brand new yr.
“Market noticed restricted motion right now. Whereas the rebound in oil costs this week supplied non permanent assist, the bearish 2026 surplus narrative stays a lingering threat that would weigh on investor sentiment within the coming months,” mentioned Joseph Dahrieh, managing principal at Tickmill.
Oil costs, a key catalyst for Gulf equities, have been little modified throughout Friday’s session. Traders weighed potential provide dangers tied to rising geopolitical tensions after the USA carried out airstrikes in opposition to Islamic State militants in Nigeria and stepped up financial stress on Venezuelan oil.
In Abu Dhabi, the index closed flat as losses in shopper discretionary and power shares offset positive factors 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 shopper discretionary shares, even because it logged its fifth consecutive weekly acquire. Dubai Islamic Financial institution eased 0.8 per cent, while low-cost provider Air Arabia fell 1.7 per cent.
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