UAE Stocks Close Higher Amid US Inflation Data Focus

07:42 AM EDT, 10/14/2026 (MT Newswires) -- Stock trading in the United Arab Emirates as markets brace for the closely watched September inflation report from the world's top economy. At the close of Wednesday trading, the FTSE ADX General Index gained 0.408%, while the DFM General Index was 0.575% in the green. The main highlight on Wednesday is the release of the consumer price index report for September by the US Bureau of Labor Statistics, with headline inflation expected to rise 0.6% month-over-month and 3.6% on an annual basis. Core CPI, meanwhile, is expected to increase 0.2% monthly and 2.5% year-over-year. "For the Fed, focus will be on whether underlying inflation pressures are broadening. With this being the final inflation print before the October FOMC meeting, and recent Fed communication signalling little urgency to hike again, we think it would take a clear upside surprise for the Fed to signal a rate hike already in October," Danske Bank said. Back home, the Central Bank of the UAE signed a memorandum of understanding with the National Bank of Georgia to bolster monetary policy cooperation, management of foreign reserves, and develop banking and financial services infrastructure in both regions. On the corporate side, Agility Global (ADX:AGILITY) gained 2.06% as one of its subsidiaries agreed to sell its entire stake in the energy logistics business, Tristar, to Indian oil, gas, and petrochemical logistics company Aegis Logistics for an enterprise value of $1.5 billion. Meanwhile in Dubai, National International Holding's (DFM:NIH) industrial subsidiary invested $1.7 million in a production line as part of its expansion plans. The Dubai-listed investment holding company closed flat when it last traded on Monday.