Middle East Market Wrap 4 November: Dubai and Cairo Lead Eight Markets Higher
First published at 08:19 GMT; updated with the session’s closing edition at 13:01 GMT.
Dubai’s DFM General Index jumped 3.96% to lead eight of the nine Middle East markets higher on Wednesday, with Cairo’s EGX 30 up 2.83% in second place.
Only Abu Dhabi slipped, and by 0.02%. In The Edge’s reading, outside Dubai the session’s strength lay in its breadth rather than its size: risers far outnumbered fallers in Doha, Cairo and Riyadh on the exchanges’ own counts, while Dubai’s jump came with heavy trading in Emaar Properties.
Dubai leads as Doha extends its run
Dubai’s DFM General Index rose 3.96% to 6,040.74, its third straight gain. Emaar Properties climbed 4.41% on AED 1.02 billion of trading in its shares, and Emirates NBD gained 6.09%. Emaar Development rose 4.89% to AED 14.58 after Emaar Properties told the exchange early on Wednesday that it intends to offer AED 15 a share in cash, subject to its board’s approval, for the Emaar Development shares it does not already own. Doha’s QE Index added 2.81% to 9,884.17, its fourth straight gain, as 48 companies rose and 4 fell on QAR 820.8 million of trading. In Abu Dhabi, the FTSE ADX General Index ended 0.02% lower even as Aldar Properties climbed 6.49%.
Cairo and Riyadh climb
Cairo’s EGX 30 rose 2.83% to 50,650.18. The Tadawul All Share gained 1.65% to 10,038.89 as gainers beat decliners 242 to 24, on SAR 4.48 billion of trading. Muscat’s MSX 30 rose 0.54%, ending four straight declines, and Amman’s ASE index added 0.91%, ending three straight declines. Kuwait’s All-Share gained 0.56% on KD 62.7 million of trading, and Bahrain’s All Share rose 0.14%.
Top gainers
| Index | Close | Change |
|---|---|---|
| DFM General (Dubai) | 6,040.74 | +3.96% |
| EGX 30 (Egypt) | 50,650.18 | +2.83% |
| QE Index (Qatar) | 9,884.17 | +2.81% |
| Tadawul All Share (Saudi Arabia) | 10,038.89 | +1.65% |
| ASE Index (Jordan) | 4,074.22 | +0.91% |
| Boursa Kuwait All-Share (Kuwait) | 8,477.67 | +0.56% |
| MSX 30 (Oman) | 7,261.131 | +0.54% |
| Bahrain All Share (Bahrain) | 1,817.20 | +0.14% |
Closes of Wednesday 4 November 2026 from the exchanges’ own pages, measured and ranked by change on the unrounded values against Tuesday’s closes as published; the Bahrain, Muscat, Amman and Dubai pages print their changes sign-free, with the direction our arithmetic.
Top losers
| Index | Close | Change |
|---|---|---|
| FTSE ADX General (Abu Dhabi) | 9,461.41 | -0.02% |
Top losers, same session and basis.
Commodities and currencies
| Instrument | Level | Change |
|---|---|---|
| Gold, COMEX (Dec’26), dollars an ounce | $4,055.70 | +2.93% |
| Silver, COMEX (Dec’26), dollars an ounce | $52.16 | +4.83% |
| Brent Crude, ICE (Jan’27), dollars a barrel | $101.45 | -2.08% |
| WTI Crude, NYMEX (Dec’26), dollars a barrel | $94.54 | -1.61% |
| US Dollar Index (DXY) | 101.31 | -0.55% |
| Euro/Dollar | 1.1261 | +0.61% |
| Sterling/Dollar | 1.3489 | +0.58% |
| Dollar/Yen | 158.30 | -0.23% |
Intraday quotes at 12:37 GMT, in fixed order; snapshots, not settlements, with the four futures rows measured against Tuesday 3 November’s official settlements and the currency and dollar-index rows against the feed’s prior reference levels.
Official reference rates
| Rate | Level | Date |
|---|---|---|
| CBK dollar/dinar, official reference | 0.30785 | 4 November 2026 |
| CBE dollar/Egyptian pound, buy / sell | 55.2925 / 55.3925 | 3 November 2026 |
Dated official fixings from the Central Bank of Kuwait and the Central Bank of Egypt; the CBE row is the bank’s average market rate series, its latest dated print.
Asia, session of Wednesday 4 November
| Index | Close | Change |
|---|---|---|
| Shenzhen Component (China) | 11,335.69 | +4.22% |
| Shanghai Composite (China) | 3,686.17 | +2.16% |
| Hang Seng (Hong Kong) | 23,919.50 | +1.67% |
| Nifty 50 (India) | 23,960.60 | +0.63% |
| Kospi (South Korea) | 5,683.80 | +0.62% |
| Straits Times (Singapore) | 5,268.63 | -0.01% |
| S&P/ASX 200 (Australia) | 8,834.50 | -0.59% |
| Taiex (Taiwan) | 42,948.91 | -0.83% |
| Topix (Japan) | 3,895.38 | -0.89% |
| Nikkei 225 (Japan) | 62,188.63 | -1.42% |
Carried from our Asia Market Wrap of Wednesday 4 November 2026, gainers then losers; Tokyo’s rows are measured against Monday’s closes, after Tuesday’s holiday.
What to watch: The commodities wrap returns tonight with the session’s settlements.
Closes are from the exchanges’ own pages, measured against Tuesday 3 November’s closes as published, with run lengths counted against The Edge’s published records; percentages and counts not attributed to a source are The Edge’s calculations.
How these wraps are prepared: Methodology.
Sources: Boursa Kuwait, Saudi Exchange, Dubai Financial Market, Abu Dhabi Securities Exchange, Qatar Stock Exchange, Bahrain Bourse, Muscat Stock Exchange, Amman Stock Exchange, The Egyptian Exchange, Central Bank of Kuwait, Central Bank of Egypt, The Edge.
