UAE Stocks Gain Amid US Fed December Rate Cut Hopes

06:38 AM EST, 12/04/2025 (MT Newswires) -- Markets in the United Arab Emirates were in the green on Thursday as investor sentiment remained positive in hopes of a US Fed December rate cut next week. At the close of trading, the FTSE ADX General Index rose 0.430%, while the DFM General Index added 0.362%. "...A Fed cut next week looks even closer to a certainty. The OIS curve is pricing in 25bp, meaning the Fed would face a potentially sharp adverse reaction in risk assets should it decide to hold. At the same time, there is only another 15bp priced in by March, meaning that expectations are firmly on a hawkish cut in December," ING said. "Our view remains that data will justify two more cuts early next year, which underpins our view that the dollar won't make a comeback even in the seasonally favourable first quarter." On the oil price front, Brent crude futures rose 0.33% to $62.877 per barrel on Thursday at 3:20 pm UAE time after the US and Russia failed to reach an agreement on the Ukraine peace deal, which might have potentially led to the lifting of sanctions on Russian oil. Back home, the Dubai Department of Economy and Tourism unit, Mohammed Bin Rashid Establishment for Small and Medium Enterprises Development, agreed to collaborate with Google to launch a pilot to boost the digital competitiveness of small and medium-sized enterprises. On the corporate side, Aldar Properties (ADX:ALDAR), whose stock was the most traded by value on the Abu Dhabi bourse, closed 4.34% higher. The real estate company announced plans to launch the new Aldar Capital investment management platform in partnership with Mubadala Capital. Over in Dubai, Emirates NBD (DFM:EMIRATESNBD) received the WiredScore Platinum and SmartScore Platinum certifications, marking the first financial institution globally to achieve such awards. Shares of the banking services provider ended the session 3.56% in the green.