UAE Equity Research - Energy Sector 3Q26 - Preview Note

Global crude oil markets trended upwards in 3Q26, as the ongoing Middle East conflict continued to disrupt crude oil flows and shipping through the Strait of Hormuz. Crude oil prices rose further in September 2026, with Brent averaging USD 114 per barrel following attacks on Saudi Arabia’s East-West...

Sharjah Islamic Bank (SIB): The stock continues to hold firmly above its support level at AED 2.85. As long as this support base remains intact, the stock is well positioned to stage a recovery from current levels. A decisive breakout, confirmed by a sustained close above the AED 2.95 resistance (aligning with the 20-week moving average)

UAE Equity Research - Real Estate Sector 3Q26 - Preview Note

The UAE real estate market remains under pressure from the regional conflict, which has weighed on investor confidence. This has resulted in a cautious near-term outlook, as heightened geopolitical uncertainty, softer investor sentiment and moderating transaction activity are expected to weigh on ma...

The index witnessed profit-taking activity after reaching its recent high in early July. It is now trading below its 20-, 50- and 100-week moving averages and may testing the previous low support at 1,865. Stochastic and RSI are both in oversold territory, which points to a possible near-term technical rebound.

UAE Equity Research - Consumer Sector 3Q26 - Preview Note

The UAE’s real GDP growth is projected to reach 1.6% in 2026 before accelerating to 10.4% in 2027, alongside non-hydrocarbon GDP growth projected at 1.3% and 4.9% in 2026 and 2027, respectively.