06:41 AM EST, 11/12/2026 (MT Newswires) -- Stock markets in the United Arab Emirates closed in the green as investors looked past geopolitical risks and uncertainties to assess the latest batch of regional corporate earnings. At the close of Thursday trading, the FTSE ADX General Index was up 1.467%, while the DFM General Index added 0.219%. The Abu Dhabi bourse saw the release of the third-quarter earnings report from Adnoc Logistics & Services (ADX:ADNOCLS), which recorded a higher attributable profit of $842.7 million driven by strong shipping performance, and closed the session 0.89% higher. Meanwhile, Fertiglobe (ADX:FERTIGLB) and Abu Dhabi Aviation (ADX:ADAVIATION) closed the session 2.68% and 1.75% in the red after both companies' attributable profit plunged for the three months ended Sept. 30. Dubai Electricity and Water Authority (DFM:DEWA), d/b/a Dewa's, attributable profit for the third quarter came in at 3.91 billion Emirati dirhams, up from 3.61 billion dirhams earlier, with 5.4% year-over-year revenue growth. The UAE-listed utility company stocks were 1.10% in the green at closing. "Our operational performance was equally strong. In the third quarter, gross electricity generation reached 21.37 TWh, with clean energy contributing 3.22 TWh, an increase of approximately 16.3% year on year," said Dewa Chief Executive Officer Saeed Mohammed Al Tayer. On the geopolitical front, oil prices declined as Brent crude oil futures traded at nearly $92.36 per barrel as of 3:37 pm UAE time, down 0.43% from the previous day amid rebounding Middle East crude flows and persistent threats to shipping in the Strait of Hormuz. Reuters reported, citing the Washington Institute for Near East Policy think tank, that 37 vessels were attacked in October. "Regional crude flows are approaching pre-war levels, but exports continue to rely on alternative routes around the Strait of Hormuz, leaving supply vulnerable to further disruption. OPEC kept its demand forecasts unchanged, expecting global oil demand growth of 200k b/d this year and 2.6m b/d in 2027. We expect volatility to remain elevated, with the pace of normalisation through Hormuz still the key driver for the outlook," ING said.

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