UAE stock markets skyrocket after US and Iran ceasefire
The UAE equity markets soared Wednesday on the back of a truce between the US and Israel against Iran.
Dubai Financial Market jumped over eight per cent to 5,823 points on Wednesday morning at the market open. The rest of the shares were trading in the positive territory of Chinese telecom operator du (down 1.36 per cent).
The rally was led by Emaar Development, Emirates NBD, Emaar Properties, Air Arabia and Salik -- all of which gained over nine per cent.
The Abu Dhabi Securities Exchange jumped more than five per cent shortly after opening, hitting 10,063 points, boosted by the UAE’s largest lender FAB, E7W, AD Ports and Aldar Properties and Abu Dhabi Islamic Bank. The leaders in the top five gainers went up more than 10 per cent.
The UAE and other Gulf bourses have been headed lower since the US, Israeli and Iranian second war erupted on Feb 28, 2026.
After the three countries settled on a ceasefire, UAE and GCC investors as well as those in other nations are now likely focused on the maintenance of that ceasefire.
“Participants will also be eyeing progress made in upcoming peace talks between the US and Iran over this, as well as seeing a trend of commodity flows through Hormuz beginning to normalize,” said Michael Brown, senior research strategist at Pepperstone.
The military conflict in the region has resulted in billions of dollars erased from the markets of Gulf Cooperation Council (GCC) states.
Stock markets in Asia surged and oil prices fell after the ceasefire.
Japan’s Nikkei 225 gained as much as 4.38 per cent to 55,771 points, while South Korea’s Kospi soared by the same amount and climbed up to 5,808 points.
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