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DFM and ADX market review: Dubai gains 4.4% as Emaar bids for Emaar Development, week to 6 November 2026

2 min read

Abstract trading screens with rows of coloured price figures and charts, out of focus Stock Market
Abstract trading screens with rows of coloured price figures and charts, out of focus

The DFM General Index rose 254.82 points to 6,025.55 over the week, led by a 3.96% jump on Wednesday, while the FTSE ADX General Index slipped 0.78% to 9,392.60.

The DFM General Index closed the week to 6 November 2026 at 6,025.55 points, up 254.82 points or 4.42% from 5,770.73 on 30 October, according to the Dubai Financial Market's daily bulletins. The FTSE ADX General Index in Abu Dhabi ended the week at 9,392.60, down 73.74 points or 0.78% from 9,466.34.

Almost all of Dubai's weekly gain came on Wednesday 4 November, when the DFM index rose 229.88 points, or 3.96%, to 6,040.74 on trading worth AED 2.10 billion, the busiest day of the week. Gulf News reported it as the index's biggest one-day gain since April and said the market value of DFM companies climbed back above Dh1 trillion. Banks and property developers rallied in both markets: Al Etihad reported gains of 6.09% for Emirates NBD and 5.71% for Dubai Islamic Bank on the DFM, and 6.5% for Aldar Properties on the ADX.

In Abu Dhabi the index moved within a narrow range from Monday to Wednesday. On Wednesday it edged down 0.02% to 9,461.41 even as Aldar and the big banks rallied, because International Holding Company, which carries a weighting of about 36.6% in the index, fell 5%, Al Etihad reported. The index rose 0.62% to 9,519.82 on Thursday and then fell 127.22 points, or 1.34%, to 9,392.60 on Friday. On Thursday, Burjeel Holdings jumped 14.55% after reporting a 42.1% rise in nine-month net profit, Al Etihad reported, while Alpha Dhabi Holding gained 3.45% and First Abu Dhabi Bank lost 1.65%.

The main corporate event of the week was Emaar Properties' voluntary cash offer of AED 15 per share for the 19.84% of Emaar Development it does not already own, about 793.55 million shares worth roughly AED 11.9 billion. The price is a 19.4% premium to Emaar Development's close of AED 12.56 on 2 November. The offer opened on 6 November and closes at 3pm on 10 December 2026, according to the offer document published on the DFM. Emaar Properties said it intends to use the squeeze-out rules if it reaches 90% ownership and to delist Emaar Development from the DFM.

On Friday the DFM index eased 17.10 points, or 0.28%, to 6,025.55, leaving it 0.36% lower since the start of 2026. Trading was worth AED 1.27 billion across 173.7 million shares and 16,682 trades. Emaar Properties accounted for AED 649 million, or 51% of the day's value, and Emaar Development for AED 400 million. Al Mazaya Holding rose 12.5%, Emirates Islamic 7.3% and Amlak Finance 4.7%, while Salama Islamic Arab Insurance fell 4.3% and GFH Financial Group 2.8%.

On the ADX, Friday's trading was worth AED 1.07 billion across 275.6 million shares and 24,722 trades, and the market capitalisation stood at AED 2.471 trillion. Burjeel Holdings added a further 3.2%, while Ooredoo fell 4.9%.

Across the five sessions, trading on the DFM was worth about AED 6.17 billion, including a direct deal on Tuesday. Next week, DIP Holding, the owner of Dubai Investments Park, is due to make its DFM debut on Wednesday 11 November, Enterprise reported, after an IPO in which Dubai Investments sold a 20% stake.

Market figures from DFM and ADX; this is not investment advice.

Sources