DFM index closes at 18-month high on banking and real-estate strength
Heavy trading volume in Emirates NBD, EMAAR and DEWA pushes the benchmark above the 5,400 level for the first time since late 2024.
The Dubai Financial Market General Index closed above 5,400 on Tuesday for the first time in 18 months, lifted by sustained foreign-investor buying in banking and real-estate names.
Emirates NBD, EMAAR Properties and DEWA together accounted for more than 40 per cent of value traded. Market commentary cited better-than-expected first-quarter net interest income at the larger UAE banks and continued strength in Dubai off-plan property launches.
Analysts surveyed by this publication broadly retained constructive ratings on the index for the second half of the year, with most flagging the pace of Federal Reserve cuts as the principal external risk.
Analysts surveyed by this publication broadly retained constructive ratings on the index for the second half of the year, with most flagging the pace of Federal Reserve cuts as the principal external risk.