Abu Dhabi, Feb 9, 2026, 00:52 (GST) — Premarket
International Holding Company PJSC (IHC) closed Friday flat at 399.60 dirhams, leaving the heavyweight’s Abu Dhabi-listed stock parked right where it’s hovered in recent sessions. 1
Traders are heading into the week with the tape staying quiet, as regional sentiment is being set elsewhere for now. Gulf stocks trading on Sunday climbed, buoyed by what Reuters called an upbeat start to U.S.-Iran nuclear talks. That positive mood could well carry over into the UAE’s Monday session. “The diplomatic meeting eased previous geopolitical pressures,” said Milad Azar, analyst at XTB MENA, who noted investors are also eyeing more Q4 results from the region’s top names. 2
At this point, Abu Dhabi’s exchange remains closed. Doors open later in the morning—ADX sticks to a Monday-to-Friday schedule, 10:00 a.m. through 2:45 p.m. local time. 3
IHC barely budged last session, ticking between 399.40 and 399.60 dirhams on roughly 237,000 shares, Investing.com figures show. Since the month kicked off, daily moves have hovered just above flat. 4
IHC is now parked right at the lower end of its range. For the past year, shares haven’t budged much, holding between 399 and 411 dirhams, according to Investing.com’s data. Recent action? Barely a flicker. 4
Oil still underpins Gulf asset moves, even for companies with business lines far outside energy. Brent finished Friday at $68.05 a barrel—up on the day—as the market priced in jitters over possible new flare-ups tied to U.S.-Iran negotiations and security in the Strait of Hormuz, the main artery for global crude shipments. 5
The Abu Dhabi benchmark finished a touch higher in Friday’s UAE session, wrapping up the week in positive territory, according to LSEG figures reported by Reuters. But IHC? Shares didn’t budge, holding flat despite the broader move. 6
Pinpointing near-term company catalysts isn’t easy right now, though deal deadlines are coming up fast. One to watch: a U.S. Treasury deadline linked to the sale of sanctioned Russian oil giant Lukoil’s overseas assets, set for Feb. 28. Reuters has IHC in the mix of interested buyers. 7
Investors are eyeing signs of reshuffling at home, too. Back in November, IHC chief Syed Basar Shueb told Reuters the firm was targeting $20 billion to $25 billion in exits from non-strategic minority stakes within an 18-month window, with a first sale expected in early 2026. “We have somewhere close to $20 to $25 billion of holdings … which we will exit,” he said. 8
The risk here is clear enough: a sudden oil price jolt, stalled progress in U.S.-Iran negotiations, or souring deal speculation—any of these can sour Gulf sentiment in a hurry, with light daily volumes tending to magnify those swings.
Monday brings the ADX open at 10:00 a.m. local time, and traders are eyeing IHC to see if its price lock finally budges. Also on the radar: updates on U.S.-Iran diplomacy, plus the looming Feb. 28 Lukoil deadline.
