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DFM and ADX market review: Emaar and ADNOC Gas lead broad gains, 9 November 2026

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Out-of-focus market display wall with rows of green and red price bars and chart lines Stock Market
Out-of-focus market display wall with rows of green and red price bars and chart lines

The DFM General Index rose 61.92 points, or 1.03%, to 6,087.47 and the FTSE ADX General Index gained 90.49 points, or 0.96%, to 9,483.09, as ADNOC Distribution reported a 37% rise in nine-month profit.

The DFM General Index closed on Monday 9 November 2026 at 6,087.47 points, up 61.92 points or 1.03% from 6,025.55, according to the Dubai Financial Market's daily bulletin, leaving it 0.67% higher since the start of 2026. The FTSE ADX General Index in Abu Dhabi rose 90.49 points, or 0.96%, to 9,483.09, according to ADX data.

Trading on the DFM was worth AED 1.02 billion across 182.5 million shares and 16,995 trades, or AED 1.06 billion including two direct deals worth AED 43.9 million. Emaar Properties rose 2.4% to AED 12.80 on trading of AED 595 million, about 58% of the day's value. Emaar Development edged up 0.14% to AED 14.72 on trading of AED 179 million, below the AED 15 per share cash offer from Emaar Properties. In answers to frequently asked questions published on the DFM on Monday, the companies said Emaar Properties owns 80.16% of Emaar Development and that the offer closes at 3pm UAE time on 10 December 2026, unless it is extended by 14 days.

Banks and other large companies also gained in Dubai. Emirates NBD rose 2.03% to AED 32.24 and Dubai Islamic Bank 1.52% to AED 7.37, and the DFM's financials index added 1.21%. Dubai Financial Market, the exchange operator, gained 4.8% to AED 1.31, TECOM Group 2.48% to AED 3.30, Air Arabia 1.80% to AED 5.08, Parkin 1.59% to AED 6.38 and Salik 1.10% to AED 5.51. DEWA was unchanged at AED 2.73. Among smaller companies, Dubai Refreshment fell 5.0% to AED 28.50, United Foods 4.96% and Amlak Finance 3.25% to AED 1.19.

On the ADX, trading was worth AED 1.53 billion across 425.5 million shares and 30,903 trades, and the market capitalisation stood at AED 2.499 trillion. ADNOC Gas was the most traded stock at AED 357 million and rose 4.01% to AED 3.37. Aldar Properties gained 2.52% to AED 8.15 on trading of AED 195 million, First Abu Dhabi Bank 2.29% to AED 19.64 and ADNOC Distribution 3.16% to AED 3.92, while Borouge slipped 0.44% to AED 2.26.

ADNOC Distribution said its net profit for the first nine months of 2026 rose 37% to US$791 million (AED 2.90 billion), with EBITDA up 26% to AED 4.10 billion and record fuel volumes of 11.86 billion litres, Gulf News reported. The company will pay a third-quarter dividend of 5.14 fils per share, worth AED 643 million (US$175 million), in early December. Shareholders must hold the shares by 12 November; the ex-dividend date is 13 November and the record date 16 November. It opened 71 stations in the nine months, raised its 2026 target to 80 to 90 new stations and operates 1,081 sites.

Among Monday's DFM disclosures, Parkin's board approved the company's nine-month interim financial statements at a meeting at 3pm and agreed to call a general assembly to elect nine directors, subject to approval by the Capital Market Authority. Salik moved its board meeting from 8.30am on Wednesday 11 November to 8.30am on Friday 13 November, and its analyst conference call to 1pm on Monday 16 November. The board of Dubai Investments meets at 3pm on Thursday 12 November to discuss nine-month results. National Central Cooling Company (Tabreed) said its board meets at 11am on 12 November to review third-quarter results, with an earnings call at 3pm on 13 November. Al Salam Bank, which is also listed on the DFM, reported nine-month net profit of BD 70.1 million (US$185.8 million), up 20.4%, and third-quarter profit of BD 23.8 million, up 14.2%.

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

Sources