Dubai, Jan 20, 2026, 00:39 GST — The market has closed.
- International Holding Company shares finished the day nearly flat, closing at 399.6 dirhams.
- Abu Dhabi’s benchmark index climbed 0.5% Monday, boosted by a lift in regional risk sentiment.
- Traders eye Gulf earnings reports and oil price moves for the next signal on market direction.
International Holding Company PJSC (IHC) shares closed Monday at 399.6 dirhams, showing little change after a choppy session that saw the Abu Dhabi heavyweight finish right where it began. (Source: https://www.tradingview.com/symbols/ADX-IHC/) 1
That quiet finish still holds weight since IHC acts as a liquidity barometer for Abu Dhabi: when it falters, so often does the index. Yet this time, the broader market edged higher. Abu Dhabi’s benchmark closed up 0.5%, buoyed by easing regional geopolitical tensions and investors gearing up for earnings season, Reuters reported. Milad Azar, a market analyst at XTB MENA, noted UAE equities were “underpinned by optimism around the earnings season” but flagged that oil-price volatility continues to pose a threat to sentiment. (Source: https://www.reuters.com/world/middle-east/most-gulf-markets-gain-easing-geopolitical-tensions-2026-01-19/) 2
IHC holders saw little change, with the stock barely moving. The spotlight remains on external factors instead of company news. In Abu Dhabi, that usually translates to crude prices and geopolitical developments taking precedence before earnings reports.
Oil prices held steady late Monday, with Brent crude hovering near $64 a barrel as traders weighed easing concerns over Iran-related supply disruptions alongside fresh global risk-off jitters. “With fears around Iran subsiding… the market is now focusing on the Greenland situation,” said Rystad analyst Janiv Shah. (Source: https://www.reuters.com/business/energy/oil-prices-steady-ebbing-iranian-protests-lower-chance-us-attack-2026-01-19/) 3
Chairman Sheikh Tahnoon bin Zayed Al Nahyan and CEO Syed Basar Shueb have steered IHC into a vast investment vehicle listed in Abu Dhabi, with stakes spanning multiple industries. (Source: https://www.reuters.com/markets/companies/IHC.AD/) 4
The stock’s failure to gain momentum shows just how little is needed to keep prices stuck: when major holders hold their ground, the tape can stall fast. But that can shift quickly if regional risk sentiment changes or earnings deliver surprises.
The downside is clear-cut. Another slide in oil prices or any shift in the region’s political climate could sap risk appetite, hitting the biggest, most liquid stocks first.
Next up: the reopen. Abu Dhabi’s market operates Monday through Friday and will kick off again at 10:00 a.m. GST, offering IHC another shot at pushing beyond the 400-dirham mark. (Source: https://www.tradinghours.com/markets/adx) 5
