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 search out its approach 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 International 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. Firms took a extra cautious strategy in the direction of employment and adopted lean stock methods since enter prices elevated at their sharpest fee 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 yr excessive of $6,256.

Firms 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 companies, Industrials, and Client staples had been all up round 3%. The worst performing sector was Supplies which fell approx. 4%, adopted by Client Discretionary, which was down round 2%. (Supply: DFM Report Heart)

In company information, Taaleem Holdings (DFM:TAALEEM) on Thursday reported optimistic fiscal first-quarter income progress, pushed by rising premium faculty enrollments throughout new and just 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 each day chart, the index closed above the 9-SMA degree. RSI is close to 65 indicating robust bullish momentum for the week forward. Potential help is seen on the 21 SMA degree of AED 6,129, adopted by AED 6,035, which coincides with the 50 SMA. The index is at the moment at multi yr highs and has resistance on the AED 6,320 which was final seen in 2008. Past this, the AED 6,400 degree may be subsequent goal.

• ADX (Abu Dhabi Securities Change):

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 good points in the actual 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.

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

Among the many prime 20 shares by market cap, those who outperformed had been notable names akin to Aldar Properties PJSC and Abu Dhabi Business Financial institution, which rose by 4% and three%, respectively. Quite the opposite, those who underperformed considerably this week included Abu Dhabi Nationwide Power, Adnoc Logistics & Companies, and Adnoc Fuel plc, which declined by 7%, 4%, and a couple 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, help is seen on the decrease trendline of the triangle at AED 9,825, adopted by the 200-day shifting common at AED 9,662.