UAE Shares Slide as Fresh Tanker Attack Heightens Oil Supply Concerns

07:43 AM EDT, 10/30/2026 (MT Newswires) -- Emirati stocks concluded the trading week lower on Friday as investor sentiment weakened amid persistent oil supply concerns linked to the Middle East conflict, following an attack on a tanker in the Strait of Hormuz. At Friday's close, the FTSE ADX General Index fell 0.12%, while the DFM General Index declined 0.808%. As of 2:36 pm UAE time, Brent crude was up 2.47% from the previous day at $117.89 per barrel. A tanker was struck by explosives attached to a small boat on Thursday, Business Recorder reported, citing the UK Maritime Trade Operations. The perpetrators of the attack remain unidentified. On the corporate front, Dubai Financial Market (DFM:DFM) reported a drop in third-quarter profit and total income. The stock was 1.56% lower at the end of the session. Meanwhile, Abu Dhabi National Hotels Co. (ADX: ADNH) swung to a loss despite higher revenue from contracts with customers. while the hotel company's stock fell 3.43%. Elsewhere, healthcare services provider Pure Health Holding (ADX:PUREHEALTH) posted lower third-quarter profit despite revenue growth. Its shares closed 2.7% lower.