UAE Markets Retreat as DFM and ADX Observe World Weak point Regardless of Robust Q3 Earnings – Feedback from Vijay Valecha , CIO – Century Monetary

The DFM Basic Index closed the week ending 14th November with a small 1.25% decline, close to the AED 5,949 stage. The index has been pressured just lately, dragged by a slowdown in world fairness indices.

The index was pressured by the lagging efficiency of shares like Emirates NBD Financial institution, which fell by 7.91%; Talabat Holding, which fell by 8.67%, and Dubai Electrical energy & Water Authority, which fell by 1.79% for the week. In the meantime, shares that added some assist this week included Emaar Properties, which rose by 1.47%; Mashreqbank, which dipped by 2.11%; and Emaar Improvement, which rose by 1.01%. (Supply: Bloomberg)

Through the week, Dubai Electrical energy & Water Authority reported record-breaking income of AED 24.9 billion (+5.9% YoY) for the primary 9 months of 2025. It additionally reported an EBITDA of AED 13.1 billion (+11.9% YoY), an working revenue of AED 8.3 billion (+21.5% YoY), resulting in a internet revenue of AED 6.8 billion (+24.8% YoY).

One other outstanding identify, Salik, reported a 38.6% YoY enhance in income to AED 2.28 billion for the primary 9 months of 2025. A strong revenue margin of 69.6% resulted in an EBITDA of AED 1.58 billion (+42% YoY), whereas internet revenue got here as much as AED 1.14 billion (+39.1% YoY).

Different main names that reported earnings this week included Talabat, Air Arabia, Dubai Taxi, Spinneys, and Aramex.

When it comes to sectors, Shopper Discretionary and Financials lagged this week, with declines of 6.89% and a couple of.51%, respectively. Conversely, sectors that outperformed this week included Supplies and Actual Property, which rose by 1.46% and 0.95%, respectively. (Supply: DFM Studies)

For the following week, no main names are anticipated to launch earnings. (Supply: Bloomberg)

On the technical entrance, the current weak point within the index has seen costs fall under the important thing 50 and 100-day shifting averages, suggesting a reversal in pattern. The weak pattern is additional evident within the day by day chart, the place the RSI is now under the 50 mark and downward sloping, suggesting weakening momentum. The index can discover potential assist close to the AED 5,905 ranges from the lows of early September, whereas a big upside may be capped close to the AED 6,000 stage from the 100-day SMA.

The ADX Basic Index fell 1.56% for the week ending November 14th, 2025, closing under AED 10,000 at AED 9,917.90. This marks the third weekly decline.

When it comes to sectors, the Shopper Staples was the one one to publish beneficial properties for the week, rising 1.77%. The remainder of the sectors underperformed, with Expertise, Actual Property, and Well being Care being the key laggards, falling 11.82%, 6.95% and 4.06% respectively. Total, the ADX sector efficiency mirrored world developments, following weak point in tech shares amid risk-off sentiment.

A number of corporations introduced earnings throughout the week, together with TAQA, ADNOC Gasoline, ADNOC Logistics, Fertiglobe, Presight AI, and Lulu Retail. Lulu posted regular development with Q3 income of about $1.89 billion and internet revenue of $36 million. ADNOC Gasoline reported income of $5.93 billion and internet revenue of $1.34 billion for the quarter. Its internet revenue hit a report excessive, fueled by sturdy home demand and powerful margins. Wanting forward, Abu Dhabi Ports Co. PJSC is about to announce its earnings subsequent week.

On the technical entrance, the index has fallen under a trendline marked by lows of eleventh September, twenty sixth September, and eleventh November. This trendline had acted as a base for nearly two months. On Monday, the index opened on the 50-day SMA however couldn’t maintain above and has been falling since, with the index now buying and selling under the 50-day and 100-day SMA. On the draw back, the following assist is on the 200-day SMA, round AED 9,818.75. On the flip facet, the index may face resistance at AED 10,050.