UAE Stocks End Higher as Oil Prices Rise, Geopolitical Tensions Continue

06:51 AM EST, 12/29/2025 (MT Newswires) -- Emirati equities ended the first trading day of the week in the green as oil prices rose, driven by uncertainties surrounding the US-brokered peace deal between Ukraine and Russia. At the close of trading, the FTSE ADX General Index gained 0.283%, while the DFM General was little changed at 0.051% in the green. US President Donald Trump said Sunday that he is close to reaching a deal with his Ukrainian counterpart, Volodymyr Zelenskiy, to end the latter's war with Russia. While no deadline was provided, Trump added that whether the talks will succeed or not will be clear in a few weeks. On the oil front, prices remained high as Brent crude futures jumped 2.19% to $61.965 per barrel at 4:48 pm UAE time amid mounting geopolitical uncertainties and supply risks. Zooming in at home and on the corporate side, Aldar Properties (ADX:ALDAR) closed 0.79% higher as it signed a three-year partnership deal with Abu Dhabi-based Authority of Social Contribution - Ma'an to support social and well-being initiatives in the Emirati capital. "Our partnership with the Authority of Social Contribution - Ma'an showcases how the private sector can play a critical role in delivering solutions that are inclusive, scalable, and aligned with the UAE's broader social ambitions. As we deepen this collaboration, our focus remains on outcomes that deliver tangible value, from education and employment to wider community wellbeing," Aldar Group Chief Executive Officer Talal Al Dhiyebi said. Dubai Islamic Insurance & Reinsurance (DFM:AMAN), d/b/a Aman, proposed a restructuring plan to enhance its financial position and operational efficiency, which will be reviewed at an upcoming general assembly. Shares of the insurance company were 2.90% in the green at closing.