Dubai Market Jumps Nearly 3% on Optimism over US Ceasefire Plan

UAE stock markets rallied on Wednesday, led by strong gains in Dubai, as investors reacted positively to growing optimism over a potential ceasefire in the Middle East.

The benchmark Dubai Financial Market General Index surged 2.9%, marking one of the strongest performances in the Gulf region during the session. Shares of Emaar Properties climbed 3.4%, while Emirates NBD advanced 2.9%, driving the rally.

In Abu Dhabi, the Abu Dhabi Securities Exchange General Index rose a more modest 1.1%, supported by a 2.5% gain in Aldar Properties.

Market sentiment was buoyed by reports that the United States has presented Iran with a 15-point proposal aimed at ending the ongoing conflict, raising hopes for a near-term de-escalation.

On Tuesday, Donald Trump said that negotiations to end the conflict are making progress. Sources also indicated that Washington is pushing for a one-month ceasefire to allow time for discussions around the proposal.

Despite the optimism, Iranian officials denied the existence of direct talks. According to statements carried by Islamic Republic News Agency, a military spokesperson dismissed the reports, saying the United States is “negotiating with itself.”

The gains in UAE equities reflect broader Gulf market sensitivity to geopolitical developments, particularly those affecting energy markets and regional stability.

Analysts say investor sentiment is likely to remain closely tied to diplomatic progress, with regional markets expected to remain volatile in the near term.