Dubai stocks hit 11-year high, driven by strong corporate earnings

Post by: Layla Badr

Dubai’s stock market reached its highest level in over 10 years on Friday. The Dubai index rose by 0.8%, reaching 5,362 points, a level last seen in May 2014. This jump was mainly driven by strong earnings from companies in the industrial and material sectors. Notable gains came from Salik Company, which operates toll systems, and Air Arabia, a low-cost airline.

Stay informed with the latest news. Follow DXB News Network on WhatsApp Channel  

Salik's stock surged 3.4% after the company announced a net profit of 1.16 billion dirhams ($315.84 million) for the year, which was better than analysts had expected. Air Arabia saw a 4.4% increase in its stock price after reporting a 56% rise in fourth-quarter profits, reaching 351 million dirhams ($95.57 million). The airline also announced an increase in its annual dividend to 25 fils per share.

Hassan Fawaz, the chairman and founder of GivTrade, stated that Dubai’s stock market was in strong form, supported by solid corporate earnings and healthy economic growth. He believes that the market is well-positioned to keep going up due to these factors.

On the other hand, the Abu Dhabi stock market didn't perform as well. Its main index dropped 0.3%, mainly because of losses in major companies like Adnoc Drilling, which fell by 1.4%, and Alpha Dhabi Holding, which decreased by 1.5%. Burjeel Holding, a healthcare company, saw a significant drop of 9.8% after announcing a 33% decrease in its net profit for the year.

Oil prices also rose on Friday, ending three weeks of decline. This boost was due to increased demand for fuel and the belief that U.S. President Donald Trump's plans for global tariffs would be delayed until April, which gave hope that a full trade war might be avoided. Brent crude oil rose 0.29%, reaching $75.25 a barrel.

In terms of weekly performance, Dubai’s index had its highest gain of 2025, increasing by 2.4%. In contrast, Abu Dhabi’s index grew by just 0.4% over the same period.

#trending #latest #DubaiStocks #StockMarket #CorporateEarnings #AirArabia #SalikCompany #OilPrices #EconomicGrowth #AbuDhabiStocks #GulfMarket #Investment #BrentCrude #MarketUpdate #DubaiIndex #StockMarketNews #FinancialMarkets #TradeWar #StockGains #SalikProfit #AirArabiaProfit #AbuDhabiLosses #OilDemand #headlines #topstories #globalUpdate #dxbnewsnetwork #dxbnews #dxbdnn #dxbnewsnetworkdnn #bestnewschanneldubai #bestnewschannelUAE #bestnewschannelabudhabi #bestnewschannelajman #bestnewschannelofdubai #popularnewschanneldubai