FAB Tweaks Dubai Financial Market Price Target After Q2 Results

06:42 AM EDT, 08/05/2026 (MT Newswires) -- FAB Securities revised the price target on Dubai Financial Market (DFM:DFM), while keeping its investment view after the stock exchange operator posted its second-quarter results. "We maintain our BUY rating on DFM with a revised target price of AED 2.00. DFM reported a net profit of AED 230 Mn in 2Q26, supported by higher trading commission fees and stronger clearing, settlement & depository fee income, which drove operating income up 17.9% YOY to AED 213 Mn. However, net profit declined from AED 585 Mn in 2Q25 to AED 230 Mn in 2Q26, primarily due to the absence of the one-off gain on sale of an investment property of AED 462 Mn recognized in 2Q25, resulting in total income declining from AED 702 Mn in 2Q25 to AED 304 Mn in 2Q26," analysts wrote in a Tuesday note. For the three-month period, the bourse operator posted a "sharp" year-over-year decline of 60.7% in net profit to 230 million Emirati dirhams, which surpassed FAB's estimate of 144 million dirhams. Total income also decreased to 304 million dirhams, compared with the research firm's 261 million-dirham forecast.