Emirati Indices Close Holiday Week Mixed; Dubai's Aman Soars

06:33 AM EST, 12/26/2025 (MT Newswires) -- Stock trading in the United Arab Emirates ended Friday diverged as the FTSE ADX General Index closed at 0.011% in the green, while the DFM General Index lost 0.12%. Geopolitical developments were in the spotlight again as Ukrainian President Volodymyr Zelenskiy said he agreed to have a "highest level" meeting with US President Donald Trump "in the near future" amid the ongoing negotiations for a peace deal with Russia. "A lot can be decided before the New Year," Zelenskiy wrote in a Friday post on X, formerly Twitter. On the global economic data front, the calendar next week includes the Federal Open Market Committee's minutes of the December monetary policy meeting, which could provide investors with insights into the US Federal Reserve's next move. Back home and amid a quiet day on the corporate side, shares of Emsteel Building Materials (ADX:EMSTEEL) ended the session flat. The construction material company agreed to buy low-carbon electricity from Emirates Nuclear Energy Co for the production of sustainable steel in the UAE. "This synergy with ENEC strengthens our clean energy portfolio and supports our long-term strategy to scale low-carbon steel production. It reflects how national partnerships can accelerate industrial transformation and position the UAE as a global leader in sustainable manufacturing," Emsteel Building Materials Group Chief Executive Officer Saeed Ghumran Al Remeithi said. Elsewhere, Dubai bourse's standout stock, Dubai Islamic Insurance & Reinsurance (DFM:AMAN), d/b/a Aman, surged as much as 15% after it returned to trading on Friday.