UAE Equity Research - Banking Sector 2Q25 - Preview Note

We maintain our MARKET WEIGHT rating on the UAE banking sector. Net advances in the UAE banking sector recorded 1.4% QOQ growth in 1Q25, owing to increased lending across private corporate and retail sectors, partially offset by a decline across government and public sector GREs.

Presight: As anticipated, the stock witnessed fast recovery, broke over the key resistance of AED2.80. The possible higher targets would be near the AED3.19 then toward the next resistance level at AED3.46/3.85 in the short to medium term. Traders bought from lower recommended level near AED2.05 may look to hold with stops placed under 2.80 AED.

UAE Equity Research - Real Estate Sector 2Q25 - Preview Note

The UAE’s economy grew 4.0% in 2024 compared to 2023, primarily due to a strong growth in the non-oil sector, which recorded an increase of 5.0% in 2024. The contribution of non-oil stood at 75.5% in 2024, and the oil sector contributed the remaining. The Central Bank of UAE expects the economy to grow 4.7% in 2025 and 5.7% in 2026, owing to the strong performance expected from the non-oil and oil sectors.

Aldar Properties: The stock is trading over the 20-day moving average of AED8.20. The stock is gradually picking momentum and if the support at AED8.65 hold strong, the possible higher target would be near the previous high at AED9.48 then AED10.85 in the short to medium term. Traders bought from AED7.88 may look to hold with stops trailed higher t...

Apex Investment: The stock is trading above the support level of AED3.60. The next higher target is set at AED4.04 then AED4.42 only if breaks over the current resistance level at AED3.89 in the short term. Traders may look to buy with stops placed below AED3.34 support level.

Air Arabia: The stock is trading above the support level of AED3.00. The next higher target is set at AED3.40 then AED3.61 only if breaks over the current resistance level at AED3.25 in the short term. Traders may look to buy with stops placed below AED3.05 support level.