Gulf Stocks: Tadawul TASI, DFM, ADX and QSE Daily — 2026-09-02
Gulf equity markets ended mixed on Tuesday, September 1, as renewed US-Iran military tensions weighed on regional sentiment, with Qatar’s index bucking the trend on higher oil prices. Meanwhile, the Saudi Tadawul All Share Index (TASI) led Gulf gains for the month of August with a 5.1% rise, supported by strong corporate earnings and stable oil prices. In the UAE, Dubai and Abu Dhabi markets added Dh37 billion in market capitalization during August, driven by real estate and banking sectors.
Gulf Stocks: Tadawul TASI, DFM, ADX and QSE Daily — 2026-09-02
Top developments
Qatar Index Rises Amid Escalating US-Iran Conflict
On Tuesday, September 1, Gulf stock markets closed mixed as renewed military action between the U.S. and Iran negatively impacted investor sentiment across the region. However, Qatar’s index bucked the trend, gaining support from higher oil prices which benefited its energy-heavy economy. This divergence highlights the sensitivity of Gulf equities to geopolitical risk in the Strait of Hormuz and crude oil volatility
UAE Markets Add Dh37 Billion in August Performance
Dubai and Abu Dhabi stock markets collectively gained Dh37 billion in market capitalization during August 2026. The rise was led by strong performances in real estate, banking, energy, and utilities sectors. This growth occurred despite mixed performance in other Gulf and Egyptian markets, indicating sustained local investor confidence in the UAE's economic fundamentals
Saudi TASI Leads Gulf Gains with 5.1% August Rise
The Saudi stock market led Gulf equities higher during August, with the Tadawul All Share Index (TASI) rising by 5.1%. This performance was supported by strong oil prices, positive corporate earnings results, and market stability. The kingdom continues to attract foreign interest, with recent regulatory moves aiming to open the capital market to all categories of foreign investors
Local view
Local media outlets are highlighting the resilience of the Dubai Financial Market (DFM), noting that it attracted 59,118 new accounts from the beginning of 2026 through the end of August. This influx signals continued retail and institutional investor interest in the Dubai market despite regional geopolitical fluctuations
Additionally, Al Bayan reports on the liquidity dynamics in the UAE markets, noting that trading volumes have been robust, with significant activity in Abu Dhabi’s securities market reaching over 1 billion dirhams in recent sessions. The focus remains on selective buying in Dubai stocks, with notable block trades observed in key listed companies
Context & numbers
- Saudi Arabia: The Tadawul All Share Index (TASI) closed lower on Monday, September 1, down 0.80%, following a strong August performance where it rose 5.1%
- UAE Market Cap: The total market capitalization of UAE equity markets exceeded 3.88 trillion dirhams by the end of August, with a monthly gain of 36.98 billion dirhams. The DFM index rose 0.69% in August, while the ADX index also saw gains
- Oil Prices: Global markets were influenced by oil prices topping $95 amid rising bond yields and geopolitical tensions, impacting energy-linked stocks in the region
On the radar
- US-Iran Diplomacy: Investors are closely monitoring any progress in Pakistan-mediated talks between the US and Iran, which could stabilize oil prices and reduce risk premiums in Gulf equities
- Fed Policy Path: Traders are awaiting upcoming US labour-market data to gauge the Federal Reserve's policy trajectory, which directly impacts Gulf currencies pegged to the dollar and local interest rates
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