Saudi stocks hit wartime low; UAE boards slip as banks cushion

Tadawul fell 1.17% to 10,455.64 with Aramco at a wartime and multi-month low; ADX and DFM edged lower while UAE banks limited the damage.

29 September 2026

Saudi Arabia’s main equity market closed at its lowest level of the current conflict on Tuesday, 29 September 2026, while UAE benchmarks slipped only modestly as banks cushioned the tape. The Tadawul All Share Index fell 123.54 points, or 1.17%, to 10,455.64, and Saudi Aramco fell 1.4% to 25.18 riyals. The ADX General Index fell 0.268% to 10,132.28 and Dubai’s DFM General Index slipped 0.17% to 5,987.97.

• The Tadawul All Share Index fell 123.54 points, or 1.17%, to 10,455.64 on Tuesday, 29 September 2026, its lowest close of the current conflict, according to Arab News.
• Saudi Aramco fell 1.4% to 25.18 riyals on 29 September 2026, its lowest level in more than six months and its lowest point since the war began on 28 February, Al-Monitor reported.
• Tadawul turnover on 29 September 2026 reached SR3.63 billion, with 202 million shares traded and breadth of 27 advancers against 236 decliners, Arab News reported.
• The ADX General Index fell 0.268% to 10,132.28 and the DFM General Index slipped 0.17% to 5,987.97 on 29 September 2026, with combined turnover above Dh1.7 billion, Aletihad reported.
• On 29 September 2026, Abu Dhabi Commercial Bank rose 2.04%, Abu Dhabi Islamic Bank advanced 1.1%, First Abu Dhabi Bank edged up 0.5%, Emirates NBD gained 1.53%, and Dubai Islamic Bank slipped 0.82%.

Saudi Arabia’s main equity market closed at its lowest level of the current conflict on Tuesday, dragged by Saudi Aramco, while UAE benchmarks slipped only modestly as banking stocks cushioned the tape.

The Tadawul All Share Index fell 123.54 points, or 1.17%, to 10,455.64, according to Arab News’ closing bell. Turnover reached SR3.63 billion, with 202 million shares changing hands and breadth deeply negative — 27 advancers against 236 decliners. Al-Monitor reported that Aramco fell 1.4% to 25.18 riyals, its lowest level in more than six months and its lowest point since the war began on 28 February, as investors weighed signs that Gulf oil exports are recovering.

In the UAE, the ADX General Index fell 0.268% to 10,132.28 and Dubai’s DFM General Index slipped 0.17% to 5,987.97, Aletihad reported. Abu Dhabi Commercial Bank rose 2.04%, Abu Dhabi Islamic Bank advanced 1.1% and First Abu Dhabi Bank edged up 0.5%; on the DFM, Emirates NBD gained 1.53% while Dubai Islamic Bank slipped 0.82%. Combined turnover across the two exchanges exceeded Dh1.7 billion.

Aldar Properties eased 0.12% even as the developer flagged Dh5 billion in sales from Yas Island and Saadiyat Island projects — a color point already covered separately on Capital Wire, not a fresh filing for this wrap.

Versus Monday’s GCC wrap, when Dubai finished higher and Tadawul lost 0.96%, Tuesday’s session left both UAE boards softer and pushed the Saudi benchmark to a wartime low — a clearer risk-off print even as crude extended gains.