• UAE Flag
    First Look Notes
    21 May 2026
    ADNOC Distribution
    AED 3.86
    AED 4.70
    +21.76%
    BUY

    UAE Equity Research - ADNOC Distribution (ADNOCDIST) 1Q26 - First Look Note

    ADNOCDIST’s total fuel volumes increased 2.4% YOY to 3.8 Bn liters in 1Q26, supported by strong retail momentum across the UAE and KSA markets. Continued expanding retail network during 1Q26, adding two new service stations in the UAE and Egypt, also contracting an additional 20 stations in KSA under the capex-light DOCO model. Download

  • UAE Flag
    Technical Analysis Report
    21 May 2026

    Weekly Market Outlook - Abu Dhabi Securities Exchange (ADX) 21-05-2026

    Alpha Dhabi Holding: The stock is trading firm over the support level of AED 6.75 but a break over the key resistance level of AED 8.05 shall signal bullish move with higher target then be at AED8.50 and then AED9.00. For a sustainable breakout over the resistance level, Download

  • UAE Flag
    First Look Notes
    20 May 2026
    Abu Dhabi Ports
    AED 4.42
    AED 7.35
    +66.29%
    BUY

    UAE Equity Research - Abu Dhabi Ports Co (ADPORTS) 1Q26 - First Look Note

    ADPORTS delivered strong organic revenue growth in 1Q26, driven by robust performance across the Maritime & Shipping and EC&FZ clusters. ADPORTS completed the sale of warehouse assets in KEZAD Abu Dhabi to MAIR Group for AED 295 Mn during 1Q26. Download

  • Trending Reports

    FIRST LOOK NOTES
    08 Aug 2025
    Egypt Flag
    EGP 100.00
    EGP 115.00
    +15.00%
    FIRST LOOK NOTES
    09 Feb 2026
    UAE Flag
    AED 2.59
    AED 2.95
    +13.90%
    FIRST LOOK NOTES
    11 Aug 2025
    Saudi Flag
    SAR 57.35
    SAR 65.00
    +13.34%
  • Technical Analysis Report

    • 21 May 2026 - UAE
    • 14 May 2026 - UAE
  • ADX

      • 9,636.68
        38.31    (0.40%)
      • As of closing 21 May 26
      • 52 Week Range
        9,298.60 L 10,755.36 H
    • Turnover ( AED ) 897,868,700
      Volume 319,407,400
      Market Cap ( AED ) 2,671,866,737,153

    DFM

      • 5,660.69
        33.78    (0.60%)
      • As of closing 21 May 26
      • 52 Week Range
        5,184.47 L 6,785.48 H
    • Turnover ( AED ) 670,927,600
      Volume 219,222,200
      Market Cap ( AED ) 866,233,159,596

    Tadawul

      • 11,025.50
        39.94    (0.36%)
      • As of closing 21 May 26
      • 52 Week Range
        10,193.83 L 11,781.68 H
    • Turnover ( SAR ) 4,527,200,000
      Volume 209,560,800
      Market Cap ( SAR ) 9,905,132,375,508

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Recent Research

  • UAE Flag
    FIRST LOOK NOTES
    21 May 2026
    ADNOC Distribution
    BUY
    AED 3.86
    AED 4.70
    +21.76%

    UAE Equity Research - ADNOC Distribution (ADNOCDIST) 1Q26 - First Look Note

    ADNOCDIST’s total fuel volumes increased 2.4% YOY to 3.8 Bn liters in 1Q26, supported by strong retail momentum across the UAE and KSA markets. Continued expanding retail network during 1Q26, adding two new service stations in the UAE and Egypt, also contracting an additional 20 stations in KSA under the capex-light DOCO model.
  • UAE Flag

    Alpha Dhabi Holding: The stock is trading firm over the support level of AED 6.75 but a break over the key resistance level of AED 8.05 shall signal bullish move with higher target then be at AED8.50 and then AED9.00. For a sustainable breakout over the resistance level,

  • UAE Flag
    FIRST LOOK NOTES
    20 May 2026
    Abu Dhabi Ports
    BUY
    AED 4.42
    AED 7.35
    +66.29%

    UAE Equity Research - Abu Dhabi Ports Co (ADPORTS) 1Q26 - First Look Note

    ADPORTS delivered strong organic revenue growth in 1Q26, driven by robust performance across the Maritime & Shipping and EC&FZ clusters. ADPORTS completed the sale of warehouse assets in KEZAD Abu Dhabi to MAIR Group for AED 295 Mn during 1Q26.
  • UAE Flag
    FIRST LOOK NOTES
    19 May 2026
    ADNOC Drilling
    BUY
    AED 5.91
    AED 7.00
    +18.44%

    UAE Equity Research - ADNOC Drilling (ADNOCDRI) 1Q26 - First Look Note

    Revenue increased 5.0% YOY to USD 1,228 Mn in 1Q26, supported by growth in the OFS segment and stable offshore activity despite the impact from onshore rig repurposing. ADNOC Drilling’s pro-forma rig fleet expanded to 170 rigs by the end of 1Q26, including 140 rigs in Abu Dhabi and 30 regional rigs across Oman, Kuwait, and Bahrain through the SLDC and MBPS transactions.
  • UAE Flag

    The stock has rebounded from the previous low support level and has successfully moved above both the 20 and 50-week moving averages, indicating improving bullish momentum. A sustained breakout above the current resistance at AED 1.27 would likely confirm the continuation of the uptrend, with next resistance levels at AED 1.35,

  • UAE Flag

    Space42: The stock has rebounded from the key support level at AED 1.35 and successfully moved above both the 20 and 50-week moving averages, indicating improving bullish momentum. A sustained breakout above the current resistance at AED 1.70 would likely

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