UAE Markets Rebound as DFM and ADX Rally on Charge-Lower Optimism : Feedback from Vijay Valecha , CIO – Century Monetary

This week the UAE Markets solely operated for 3 days because of the nationwide day vacation.

For the week ended December 5, 2025, the DFMGI elevated by roughly 2.51% and closed at AED 5,983.55. Because the index rose, a lot of the optimistic efficiency got here from the Actual Property, Financials and Utilities sectors. These sectors rose by roughly 5.16%, 3.63%, and 1.35%, respectively. Alternatively,  Shopper Discretionary, Shopper Staples and Communication Providers weakened, dropping by 2.07%, 1.20% and 1.50%.

The index’s sturdy efficiency was supported by Emirates NBD PJSC, which surged by 9.84%, Emaar Properties PJSC, which gained 5.64%, and Emaar Growth PJSC, which added 6.12%. Alternatively, shares that weighed in the marketplace included Gulf Navigation Holding PJSC, which declined by 26.98%, Dubai Nationwide Insurance coverage Co, which fell by 8.14%, and Dubai Taxi Co PJSC, which dropped by 2.31%.
Now, earnings, because the earnings season has concluded, there have been no main earnings releases this week. Trying forward, subsequent week can also be anticipated to be quiet on the earnings entrance.
From a technical evaluation standpoint, the index bounced again this week on help close to the 9-day easy transferring common line at AED 5,836, which coincides with an uptrend line forming for the reason that first week of April. Resistance is noticed at AED 6,070; a breakout above it might begin pushing the market once more to retest the sooner excessive close to AED 6,150, if the extent of AED 5,836 is sustained to protect the bullish development. The RSI is at present at 57, suggesting enchancment, whereas the MACD chart has proven a optimistic signal, turning bullish for the primary time for the reason that first week of November.

The first consideration subsequent week will likely be on the US Federal Reserve assembly (December 9-10), which is anticipated to witness an 87% probability of a 25 bps fee minimize, as indicated by market expectations. Because the UAE Dirham is pegged to the US Greenback, any fee minimize by the Federal Reserve is anticipated to translate into an an identical minimize by the UAE Central Financial institution, which is able to soften borrowing prices and will positively affect the valuation of equities, notably in Actual Property and Banking.

ADX

The Basic Index of the Abu Dhabi Securities Trade (ADX) elevated by 2.09% in the course of the week ending on December 5, 2025, closing at AED 9,950.90, slightly below the vital degree of AED 10,000.

This week, Gulf Pharmaceutical Industries (JULPHAR) topped the chart with an appreciation of greater than 25%, pushed by a powerful success in its enterprise segments. Nationwide Financial institution of Fujairah (NBF) superior within the low teenagers. Presight AI Holding (PRESIGHT) superior by about 10%, because of a sustained market confidence in its sturdy development path within the AI phase, additional bolstered by the achievement of great milestone contracts value $340 million with ADNOC and the acceleration of double-digit Natural Income Development into 9M 2025.
In the meantime, Ghitha Holding (GHITHA) noticed a mid-teens drop, Abu Dhabi Nationwide Takaful (TKFL) noticed a drop of 10%, pushed by sturdy volatility, fueled by dividends decline, lower-than-beaten development, and technical promote stress.
On an trade foundation, Shopper Discretionary was the one dropping sector inside the index, marking a lower of 1.36%. All different trade teams elevated, with Actual Property posting the largest enhance of seven.33%, following Healthcare and Know-how, which marked beneficial properties of 6.98% and 5.59%, respectively. General sector efficiency on the ADX mirrored the worldwide positivity because of renewed hopes of fee cuts by the Federal Reserve, which gave a carry to rate-sensitive industries comparable to Actual Property.

Technically, the index bounced again definitively after brushing in opposition to a low of round AED 9,747.17. The final buying and selling day of the week noticed the index shut at AED 9,950.90, nearing the psychologically vital AED 10,000 degree. Crossing this might set off an additional up transfer in the direction of the subsequent resistance, which has been fastened on the 100-day SMA of about AED 10,100. In the meantime, the help is pegged close to the current low of AED 9,757.