Markets
Market analysis, data-driven insights, and macro commentary.
Markets — page 3
UAE Economy Grows 3% as Non-Oil Sectors Lead
The UAE economy grew 3.0% year-on-year in Q1 2026, with non-oil sectors expanding 4.8% and now representing 79.4% of total output. Finance and construction led growth, while foreign investment remained resilient despite regional disruption.
Gold Breaks Out as China's Central Bank Buying Gains Momentum
China's central bank extended its gold-buying streak to 21 consecutive months in July 2026, adding 640,000 ounces—the largest monthly purchase since October 2023. The accelerated sovereign buying, combined with a technical breakout in gold prices, strengthens the long-term investment case for the pr
Bank of Korea Returns to Gold After a 13-Year Pause
The Bank of Korea is resuming physical gold purchases for the first time since 2013, joining a global trend of central banks increasing bullion allocations. The move provides 4-5 tonnes annually and reflects broader investor confidence in gold ETFs.
Polymarket Seeks a $20 Billion Valuation. AGIX ETF Could Benefit.
Polymarket is raising $1 billion at a $20 billion valuation, more than doubling its October 2025 valuation. The AGIX ETF provides UAE investors exposure to the prediction market through its Abu Dhabi Securities Exchange listing.
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ADX Outperforms the Region as GCC Markets Post a Third Straight Monthly Decline
Abu Dhabi's ADX index rose 1.1% in July, bucking a regional trend as the MSCI GCC Index fell 0.7% for a third consecutive month. Kuwait's Premier Market also gained 1.53%, while most other GCC markets declined amid softer oil prices.
Aramco’s 44% Profit Jump Puts Saudi ETFs in Focus
Saudi Aramco posted a 44% profit increase to $32.7 billion in Q2 2026, driven by higher crude prices averaging $108.10/barrel. Strong cash generation and low gearing support investor returns in Saudi-focused ETFs.
Market Wrap for August 4, 2026: UAE core ETFs dominate ADX trading as UAED turnover surges past AED 11m
UAE core-equity ETFs dominated ADX trading on August 4, 2026, with UAED surging past AED 11m in turnover amid broad gains in banking, real estate, and energy stocks.
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