DFM General Index
The DFM General Index closed the week at 6,059, up 0.69%. It stands about 11% below its 52-week high of 6,785 (10 February 2026) and 17% above its 52-week low of 5,233.
Among the large-cap, widely followed stocks, Commercial Bank of Dubai led the week’s gains, rising 2.76%, followed by Dubai Islamic Bank (+1.06%), Emirates NBD (+0.79%), and Emaar Development (+0.71%). The positive performance in these heavyweight names provided support to the broader DFMGI Index, reflecting continued investor interest in the banking and real estate sectors during the week. On the downside, Emaar Properties declined 1.15%, while Air Arabia fell 0.90%, Dubai Electricity & Water Authority (DEWA) slipped 0.36% and Mashreq Bank eased 0.39%. Weakness in these prominent constituents limited the index’s upside despite strength in several banking names.
Sector performance was led by Communication Services, which gained 4.88% during the week, supported by strong buying interest. The Financials sector also posted a healthy 1.19% gain, while Consumer Discretionary (+0.76%) and Utilities (+0.21%) ended the week in positive territory. On the downside, Consumer Staples (-0.89%) recorded the steepest decline, followed by Real Estate (-0.38%) and Industrials (-0.29%) while the Materials sector remained largely unchanged.
The DFMGI gained 1.14% on Friday, closing at 6,059.15, trading above its 200-day (6,001.33), 100-day (5,950.31), and 50-day (5,862.13) moving averages, reflecting a positive trend. The index also continues to trade within a rising ascending channel, reinforcing the ongoing bullish structure. The RSI stands at 57.38, indicating bullish momentum without entering overbought territory. Immediate resistance is seen around 6,268, which coincides with the recent swing high and the upper boundary of the ascending channel, while the next upside target is near 6,434. On the downside, 5,862 serves as the first support as it aligns with the 50-day moving average and is near the lower boundary of the ascending channel, followed by stronger support at 5,719, a key horizontal support level that has previously attracted buying interest.
ADX General Index
The ADX General Index ended the week at 9,900, up roughly 0.21% for the week.
Sector performance on the ADX was led by the Telecommunications sector, which gained 2.43% during the week, followed by Consumer Discretionary (+2.03%) and Utilities (+1.52%), reflecting strong buying interest across these segments. On the other hand, Basic Materials was the weakest-performing sector, declining 4.68%, followed by Technology (-2.56%) and Real Estate (-2.29%), as profit booking and weaker sentiment weighed on these sectors.
From a technical standpoint, the FTSE ADX General Index gained 0.93% on Friday to close the week at 9,900.80. The index is trading above its 50-day moving average (9,776.14) but remains below its 100-day (9,919.03) and 200-day (9,984.09) moving averages, indicating that the medium-term trend is gradually improving but has yet to turn decisively bullish. The RSI stands at 55.35, reflecting improving bullish momentum while remaining below overbought levels. Resistance is seen around the key level of 10,117, while 9,692 serves as key support, which has acted as a strong buying zone in recent weeks.
No companies from either the DFMGI or FTSE ADX General Index reported earnings this week, and no constituent companies are scheduled to announce earnings next week.
