This week the UAE Markets only operated for 3 days due to the national day holiday.
For the week ended December 5, 2025, the DFMGI increased by approximately 2.51% and closed at AED 5,983.55. As the index rose, most of the positive performance came from the Real Estate, Financials and Utilities sectors. These sectors rose by approximately 5.16%, 3.63%, and 1.35%, respectively. On the other hand, Â Consumer Discretionary, Consumer Staples and Communication Services weakened, dropping by 2.07%, 1.20% and 1.50%.
The index’s strong performance was supported by Emirates NBD PJSC, which surged by 9.84%, Emaar Properties PJSC, which gained 5.64%, and Emaar Development PJSC, which added 6.12%. On the other hand, stocks that weighed on the market included Gulf Navigation Holding PJSC, which declined by 26.98%, Dubai National Insurance Co, which fell by 8.14%, and Dubai Taxi Co PJSC, which dropped by 2.31%.
Now, looking at earnings, as the earnings season has concluded, there were no major earnings releases this week. Looking ahead, next week is also expected to be quiet on the earnings front.
From a technical analysis point of view, the index bounced back this week on support near the 9-day simple moving average line at AED 5,836, which coincides with an uptrend line forming since the first week of April. Resistance is spotted at AED 6,070; a breakout above it may start pushing the market again to retest the earlier high near AED 6,150, if the level of AED 5,836 is sustained to preserve the bullish trend. The RSI is currently at 57, suggesting improvement, while the MACD chart has shown a positive sign, turning bullish for the first time since the first week of November.
The primary attention next week will be on the US Federal Reserve meeting (December 9-10), which is expected to witness an 87% chance of a 25 bps rate cut, as indicated by market expectations. As the UAE Dirham is pegged to the US Dollar, any rate cut by the Federal Reserve is expected to translate into an identical cut by the UAE Central Bank, which will soften borrowing costs and could positively influence the valuation of equities, notably in Real Estate and Banking.
ADX
The General Index of the Abu Dhabi Securities Exchange (ADX) increased by 2.09% during the week ending on December 5, 2025, closing at AED 9,950.90, just below the important level of AED 10,000.
This week, Gulf Pharmaceutical Industries (JULPHAR) topped the chart with an appreciation of more than 25%, driven by a strong success in its business segments. National Bank of Fujairah (NBF) advanced in the low teens. Presight AI Holding (PRESIGHT) advanced by about 10%, thanks to a sustained market confidence in its strong growth path in the AI segment, further reinforced by the achievement of significant milestone contracts worth $340 million with ADNOC and the acceleration of double-digit Organic Revenue Growth into 9M 2025.
Meanwhile, Ghitha Holding (GHITHA) saw a mid-teens drop, Abu Dhabi National Takaful (TKFL) saw a drop of 10%, driven by strong volatility, fueled by dividends decline, lower-than-beaten growth, and technical sell pressure.
On an industry basis, Consumer Discretionary was the only losing sector within the index, marking a decrease of 1.36%. All other industry groups increased, with Real Estate posting the biggest increase of 7.33%, following Healthcare and Technology, which marked gains of 6.98% and 5.59%, respectively. Overall sector performance on the ADX mirrored the global positivity due to renewed hopes of rate cuts by the Federal Reserve, which gave a lift to rate-sensitive industries such as Real Estate.
Technically, the index bounced back definitively after brushing against a low of around AED 9,747.17. The last trading day of the week saw the index close at AED 9,950.90, nearing the psychologically important AED 10,000 level. Crossing this could trigger a further up move towards the next resistance, which has been fixed at the 100-day SMA of about AED 10,100. Meanwhile, the support is pegged near the recent low of AED 9,757.
