Emirati Indices Close Higher as Oil Prices Jump; Alpha Dhabi Soars

06:44 AM EST, 12/09/2025 (MT Newswires) -- Stock trading in the United Arab Emirates ended on a positive note on Tuesday, with the FTSE ADX General Index up 0.525%, while the DFM General Index added 0.779%. Geopolitical jitters continued to impact oil prices as Brent crude futures rose 0.11% to $62.558 per barrel at 3:20 pm UAE time. Also, Ukrainian President Volodymyr Zelenskiy said that an amended 20-point peace plan will be shared with the US for review following his meeting with leaders from the UK, France, and Germany in London. The main focus of the markets and investors will center around the US Federal Reserve's interest rate verdict, where analysts are pricing the possibility of a 25-basis-point rate cut. "The FOMC will deliver a lot of noise this week. Against the backdrop of rate cut expectations that have swung from below 30% on November 19, to a near certainty by December 1, in the absence of any meaningful economic data, it is likely that the rate decision will be a close call, and there will be a number of dissents," said Jefferies. In other news, US President Donald Trump permitted tech giant Nvidia to sell its H200 artificial intelligence chip to approved customers in China in return for a 25% surcharge. Back home and on the corporate front, stocks of Alpha Dhabi Holding (ADX:ALPHADHABI) closed 8.77% higher as it proposed a three-year dividend payment policy as well as a 1 billion-Emirati-dirham share repurchase program in a bid to enhance value for its shareholders. Elsewhere, Dubai Investments (DFM:DIC) unit Dubai Investment Real Estate launched the Al Vista mixed-use development with a value of 1.3 billion dirhams in Dubai. Shares of the Dubai-listed investment company closed the session 4.90% in the green.