UAE Shares Close Mixed as Oil Prices Fall Amid Russia-Ukraine Ceasefire Talks

06:36 AM EST, 12/16/2025 (MT Newswires) -- Emirati stocks were mixed on Tuesday as ceasefire talks between Russia and Ukraine progressed, which also dragged oil prices down. At the close of trading, the FTSE ADX General Index was little changed at 0.078% in the red, while the DFM General Index added 0.34%. Geopolitical tensions and falling oil prices again took center stage as the US agreed to offer Ukraine security guarantees similar to NATO's mutual-defense clause following a two-day meeting in Berlin between Ukrainian President Volodymyr Zelenskiy and officials from the US and Europe. "Renewed optimism over a Russia-Ukraine ceasefire weighed on the oil market yesterday. ICE Brent settled a little more than 0.9% lower, leaving it at $60.56/bbl -- the lowest close since May. President Trump has said that an agreement to end the war in Ukraine is closer than ever, after talks in Berlin. Clearly, territory remains a big sticking point," ING said. Also on the calendar this week is the release of the delayed US Consumer Price Index data for November. The data will provide investors with insights into the US Federal Reserve's monetary policy decisions. Back home and on the corporate front, PureHealth Holding (ADX:PUREHEALTH) closed 0.37% lower. The healthcare services company launched its artificial-intelligence-based diagnostic facility in Abu Dhabi. Meanwhile, Emirates NBD (DFM:EMIRATESNBD) arranged a dual-currency syndicated financing worth $75 million and 20 million euros comprising both conventional and Islamic tranches for the development of a strategic infrastructure project in Istanbul. Shares of the Dubai-listed bank closed the session 0.89% in the green.