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DFM and ADX market review: banks lead Dubai to 1.4% gain as ADNOC Gas doubles quarterly profit, 10 November 2026

2 min read

Laptop on a desk showing an out-of-focus market chart, with Dubai towers at dusk beyond the window Stock Market
Laptop on a desk showing an out-of-focus market chart, with Dubai towers at dusk beyond the window

The DFM General Index rose 82.73 points, or 1.36%, to 6,170.20 and the FTSE ADX General Index gained 72.69 points, or 0.77%, to 9,555.78, as ADNOC Gas reported third-quarter net income of US$1.34 billion, up 101% on the second quarter.

The DFM General Index closed on Tuesday 10 November 2026 at 6,170.20 points, up 82.73 points or 1.36% from 6,087.47, according to the Dubai Financial Market's daily bulletin, leaving it 2.04% higher since the start of 2026. The FTSE ADX General Index in Abu Dhabi rose 72.69 points, or 0.77%, to 9,555.78, according to ADX data.

Trading on the DFM was worth AED 1.86 billion across 461.1 million shares and 29,382 trades, with 41 companies rising, 12 falling and 3 unchanged. Non-UAE investors were net buyers of AED 75.5 million. Emaar Properties rose 0.78% to AED 12.90 on trading of AED 769 million, 41% of the day's value, while Emaar Development slipped 0.41% to AED 14.66 on trading of AED 270 million.

Banks led the Dubai market, and the DFM's financials index gained 2.53%. Emirates NBD rose 3.47% to AED 33.36 on trading of AED 185 million and Dubai Islamic Bank 4.75% to AED 7.72 on trading of AED 169 million. TECOM Group gained 5.46% to AED 3.48, Talabat 3.54% to AED 1.17, Parkin 2.19% to AED 6.52 and Salik 1.45% to AED 5.59, while du fell 0.78% to AED 12.78. Among smaller companies, Dubai Islamic Insurance and Reinsurance (Aman) rose 8.26% and Aramex 7.51% to AED 1.86, while Dubai Refreshment fell 4.98% to AED 27.08 and SHUAA Capital, the most traded stock by volume with 100.1 million shares, fell 4.59%.

On the ADX, trading was worth AED 2.58 billion across 515.3 million shares and 50,262 trades, and the market capitalisation stood at AED 2.516 trillion. Aldar Properties was the most traded stock at AED 467 million and rose 3.44% to AED 8.43. Abu Dhabi Commercial Bank gained 4.22% to AED 17.30 and Abu Dhabi Islamic Bank 2.40% to AED 22.20, while First Abu Dhabi Bank fell 1.63% to AED 19.32 on trading of AED 407 million.

ADNOC Gas rose 0.59% to AED 3.39 on trading of AED 294 million after reporting third-quarter net income of US$1.34 billion, up 101% from US$665 million in the second quarter. EBITDA rose 70% on the quarter to US$2.03 billion and domestic gas sales rose 20%. The company declared a quarterly dividend of US$940 million, 5% higher than a year earlier, payable in December 2026, and raised its 2026 net income guidance to at least US$4 billion.

Among Tuesday's DFM disclosures, the board of Emaar Development met at 3pm on the voluntary cash offer from Emaar Properties for the shares it does not already own and approved the appointment of Standard Chartered Bank as independent financial adviser to give a fairness opinion. The board of Dubai National Insurance meets at 10am on Friday 13 November to approve third-quarter results. Al Mazaya Holding called an extraordinary general meeting for 11.30am Kuwait time on Monday 30 November 2026 to approve its merger with Waterfront Real Estate Company, under which Mazaya would issue 0.6917566 of its shares for each Waterfront share, and Dubai Residential REIT announced a partnership with Rentify to offer tenants more flexible rent payments.

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

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