UAE Equities Blink Green Ahead of Key US Inflation Data

06:45 AM EST, 11/10/2026 (MT Newswires) -- Stock trading in the United Arab Emirates closed higher again as investors await the release of a key US inflation indicator to get insights into future monetary policy decisions. At the close of Tuesday trading, the FTSE ADX General Index added 0.767%, while the DFM General Index gained 1.359%. The economic calendar on Tuesday includes the US consumer price index report for October. Headline CPI is expected to increase 0.3% in October, with a 0.2% rise in core CPI. The annual data will not be published due to the federal government's shutdown in late 2025. On the geopolitical front, US President Donald Trump said in a Truth Social post that he had an excellent conversation with the Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al-Thani and that there is "positive momentum" towards ending the Iran war. Trump also stated that he plans to hold off renewed strikes on the Middle Eastern country, but the naval blockade of the Iranian ports will remain intact. "Qatar-mediated negotiations between Washington and Tehran have intensified, but significant differences remain over sanctions, Iran's nuclear program and the governance of commercial passage through the Strait of Hormuz. Gulf crude exports remain approximately 20% below pre-war levels. The price correction therefore reflects a shift in expectations rather than any improvement in the physical supply picture," said Claudio Galimberti, chief economist at Rystad Energy. Zooming in at home, the Dubai Multi Commodities Centre, or DMCC, reported 6.5% growth in US companies over the past 12 months, taking the total number of such companies within the Emirati commodities exchange and free-trade zone to 740. On the corporate side, Adnoc Gas (ADX:ADNOCGAS) emerged as the Abu Dhabi bourse's most traded stock by volume and closed the session 0.59% higher. The natural gas distribution company's third-quarter attributable profit remained relatively stable year over year at $1.34 billion. Dubai Residential REIT (DFM:DUBAIRESI) partnered with Rentify to launch a new rental payment structuring and breakdown service for over 146,000 residents across its 22 communities. The Dubai-listed pure-play real estate investment trust ended the session flat.