{"id":106227,"date":"2025-08-05T00:00:00","date_gmt":"2025-08-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/dfm-extends-rally-in-july-outperforming-regional-peers\/"},"modified":"2025-08-05T00:00:00","modified_gmt":"2025-08-05T00:00:00","slug":"dfm-extends-rally-in-july-outperforming-regional-peers","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/08\/05\/dfm-extends-rally-in-july-outperforming-regional-peers\/","title":{"rendered":"DFM extends rally in July, outperforming regional peers"},"content":{"rendered":"

Dubai Fina<\/strong>ncial Market (DFM) continued to rally in July, buoyed by stron<\/strong>g performance from banking and real estate stocks<\/strong>, according to Kamco Invest\u2019s GCC markets July report (pdf)<\/a>. Its benchmark index notched the strongest monthly performance in the region (+7.9%) with a 19.4% gain YTD, supported by double-digit gains in heavyweight financial stocks.<\/p>\n

Ekttitab Holding Company made the biggest gains in July<\/strong>, posting a 43.2% increase in its share price, followed by United Foods (+21.5%) and Commercial Bank of Dubai (+20.1%). Financials topped the list of gainers with a 12.1% surge, followed by real estate at 11.7%.<\/span><\/p>\n

IN CONTEXT- <\/strong>Dubai\u2019s property market showed no signs of slowing<\/a> in 1H 2025, with AED 326.6 bn in sales in 1H, up 40% y-o-y. While prices are widely expected to moderate this year as new supply hits the market, demand has yet to subside as population growth continues. <\/p>\n

The index fell 0.63% last week, snapping a five-week winning streak<\/strong>, Sarah Alyasiri, financial market strategist at CFI Financial Group, told EnterpriseAM UAE. Still, it\u2019s at its highest level in almost 20 years \u2014 underscoring the market\u2019s resilience despite growing concerns over US tariffs and slowing global growth, she said. <\/p>\n

The ADX also had a good month: <\/strong>The FTSE ADX General Index rose 4.1% m-o-m, its fourth straight monthly gain, bringing its YTD gain to 10.1%. Bank of Sharjah broke the charts with a 75.5% increase in its share price, followed by Commercial Bank International (47.6%) and E7 (37.5%).<\/p>\n

The healthcare sector led gains with an 11% jump, supported by PureHealth\u2019s 11.<\/strong>9% share price <\/strong>increase.<\/strong> Real estate stocks also surged (+7%), buoyed by Al Khaleej Investment\u2019s 20.2% rise. The utilities Index recorded the sharpest decline among all sectors, falling 4.6% last month.<\/p>\n

Zooming out: <\/strong>Gulf markets mostly extended their summer rally in July, buoyed by 2Q earnings optimism and a risk-on tone across global equities. The MSCI GCC Index gained 2.2% during the month, marking a second consecutive month of gains, with six of the seven GCC bourses closing in the green. The GCC index was up by 3.7% YTD. <\/p>\n

Saudi Arabia bucked the trend:<\/strong> Saudi Arabia\u2019s Tadawul<\/a><\/strong>All Share Index retreated 2<\/a>.2% in July<\/a>, weighed down by a broad selloff across sectors. Boursa Kuwait<\/strong> extended its rally to a third month, though July\u2019s gains were driven primarily by mid- and small-cap names. Qatar\u2019s QE 20 Index<\/strong> gained 4.8% in July, with banks and consumer stocks in the driver\u2019s seat. The Muscat Stock Exchange\u2019s MSX 30 Index<\/strong> gained 6.2% m-o-m, while the Bahrain All Share Index<\/strong> inched up 0.6%.<\/p>\n

Elsewhere in the region<\/strong>, Egypt\u2019s<\/a> EGX<\/a><\/strong>gained 4.1% last month<\/a> with non-bank financial services shares being the most-traded equities by value in July (excluding block trades).<\/p>\n

Looking ahead:<\/strong> While July\u2019s rally reflects optimism around corporate earnings, the divergence between diversified economies like the UAE and Qatar and oil-exporting heavyweights like Saudi Arabia could continue to shape market sentiment in the near term. Investors will also be watching oil price movements, project execution momentum, and the trajectory of US interest rates.<\/p>\n","protected":false},"excerpt":{"rendered":"

The MSCI GCC Index gained 2.2% during the month<\/p>\n","protected":false},"author":1,"featured_media":106228,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1547],"tags":[74,29,130,7,226,1451],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-106227","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capital-markets","tag-adx","tag-capital-markets","tag-dfm","tag-enterpriseam-uae","tag-equities","tag-gcc","wpautop","entry"],"acf":{"mongo_id":"053a7be0-74de-495a-be24-014169129eef","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/8\/187.png","photo_position":"above","homepage_title":"","full_issue_title":"DFM extends rally in July, outperforming regional peers","related_issue":[106222],"teaser":"The MSCI GCC Index gained 2.2% during the month","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/8\/.a624c123-6b2d-4132-9191-27eb71869f59.mp3"},"yoast_head":"\nDFM extends rally in July, outperforming regional peers - 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