UAE Markets Rise as Oil, Geopolitics Keep in Focus and DFM Nears 18-12 months Excessive : Feedback from Vijay Valecha , CIO – Century Monetary

Developments round Venezuela proceed to make headlines, as they have an effect on oil costs within the area. President Trump has requested Venezuela to promote as much as 50m barrels of oil to the U.S. That is anticipated to launch Venezuelan oil which has been struggling to seek out its method to market.

OPEC+ met on 4th January and determined to maintain oil output regular for January 2026, February 2026, and March 2026 following a greater than 18% decline in costs in 2025 and low demand. The members will meet once more on Feb. 1 2026.

The S&P World UAE PMI got here in at 54.2 in December 2025. This determine is down from 54.8 in November 2025 however nonetheless above the 50 mark which suggests enlargement in exercise. Corporations took a extra cautious method in the direction of employment and adopted lean stock methods since enter prices elevated at their sharpest charge in 15 months.

• DFMGI (DFM Common Index):

The DFM Common Index rose round 2% for the week ending ninth January 2026 and closed at AED 6,225.  The index is close to the 18 12 months excessive of $6,256.

Corporations that moved the index up had been Air Arabia (31%), Emirates NBD (16%), and Emaar Growth (13%). The shares which moved the index down had been Gulf Navigation (5%) and Dubai Investments (3%).  (Supply: Bloomberg)

By way of sectors, Communication providers, Industrials, and Shopper staples had been all up round 3%. The worst performing sector was Supplies which fell approx. 4%, adopted by Shopper Discretionary, which was down round 2%. (Supply: DFM Report Heart)

In company information, Taaleem Holdings (DFM:TAALEEM) on Thursday reported constructive fiscal first-quarter income development, pushed by rising premium college enrollments throughout new and lately expanded campuses. The corporate’s income was 369 million Emirati dirhams, up from the restated 306 million dirhams, supported by a 13% year-over-year rise in premium faculties enrollment. (Supply: Bloomberg)

On the day by day chart, the index closed above the 9-SMA stage. RSI is close to 65 indicating sturdy bullish momentum for the week forward. Potential assist is seen on the 21 SMA stage of AED 6,129, adopted by AED 6,035, which coincides with the 50 SMA. The index is at the moment at multi 12 months highs and has resistance on the AED 6,320 which was final seen in 2008. Past this, the AED 6,400 stage may be subsequent goal.

• ADX (Abu Dhabi Securities Alternate):

The ADX Common Index marginally rose within the week ending January ninth, 2026, closing at AED 10,009.

From a sector perspective, the utilities index declined by 5%, adopted by vitality and client staples, which declined round 2% every. The index was supported with features in the true property (+2%) and healthcare index (+1%) (Supply: ADX Reviews)

Information-wise, Borouge, an Abu Dhabi-listed petrochemical firm, partnered with Honeywell and efficiently finalised a proof-of-concept for AI-driven autonomous operations on the Ruwais Facility in Abu Dhabi.

earnings, there are not any main releases scheduled for this week or subsequent. (Supply: Bloomberg)

Among the many prime 20 shares by market cap, people who outperformed had been notable names equivalent to Aldar Properties PJSC and Abu Dhabi Industrial Financial institution, which rose by 4% and three%, respectively. Quite the opposite, people who underperformed considerably this week included Abu Dhabi Nationwide Power, Adnoc Logistics & Providers, and Adnoc Gasoline plc, which declined by 7%, 4%, and a pair of%, respectively. (Supply: Bloomberg)

From a technical standpoint, the index is buying and selling above the 50-Day SMA at AED 9,831.  On the weekly charts, a symmetrical triangle sample may be noticed connecting the lows at AED 9,157 and AED 9,747, and the highs at AED 10,340 and AED 10,201, respectively. A break above AED 10,070 will point out additional bullishness for the index. In any other case, assist is seen on the decrease trendline of the triangle at AED 9,825, adopted by the 200-day shifting common at AED 9,662.