Emirati Stocks Diverge as US Fed Interest Rate Decision Takes Spotlight

06:55 AM EST, 12/10/2025 (MT Newswires) -- United Arab Emirates stocks ended Wednesday's trading session on both sides of the spectrum as market watchers await the US Federal Reserve's interest rate decision later in the day. At the close of trading, the FTSE ADX General Index fell 0.082% while the DFM General Index gained 0.521%. "It's FOMC day and a 25bp rate cut - which would take the target rate to 3.50-3.75% - is around 90% priced in. The big focus will be the Summary of Economic Projections (SEP), the number of dissenters against the 25bp cut, and then Chair Powell's press conference," ING said. "Clearly, the pricing of a second rate cut in 2026 is at risk today and comes during a week when investors are hawkishly reassessing global central bank policy." Zooming in at home, Abu Dhabi Securities Exchange listed 17 securities in 2025 and plans to list another two on Wednesday. The bourse also recorded a 10% growth in average daily trading value. On the corporate side, Modon (ADX:MODON) finalized the sale of 157 villas and 330 apartments for the Bashayer residential community on Hudayriyat Island in Abu Dhabi, generating 3 billion Emirati dirhams in the process. Shares of the real estate developer closed the session 0.29% lower. Dubai Electricity and Water Authority (DFM:DEWA), or DEWA, and Dell Technologies discussed ways to collaborate on the deployment of artificial intelligence, edge computing, advanced analytics, and machine learning to transform Dubai's utility sector and advance its smart infrastructure. Dewa's stocks closed the session flat.