Al Mal Capital released February 2026 performance data for its equity funds, reporting a 4.2% monthly gain for the UAE Equity Fund and a 2.2% decline for the MENA Equity Fund.
The UAE Equity Fund outperformed its benchmark (S&P UAE Domestic 10% Capped Index) by 5.8% during the month, while the MENA Equity Fund trailed its benchmark by 0.8%.
Fund management noted that heightened geopolitical tensions between the United States and Iran have increased market volatility, particularly impacting the financials and real estate sectors.
Top portfolio holdings as of February 25, 2026, include Emaar Properties, Saudi National Bank, Emirates NBD, and Adnoc Gas PLC.
Qatar Index10,668.10+0.2%
DFM Index5,902.21-0.5%
TASI11,032.17+0.8%
Emirates NBD29.48-1.4%
Dubai Electricity & Water Authority2.70-1.8%
EMAAR12.36-1.1%
EMAARDEV15.200.0%
ADNOC GAS3.38-1.5%
First Abu Dhabi Bank17.68-0.9%
Emirates Telecom19.34+0.3%
Abu Dhabi Commercial Bank14.02-1.8%
ALRAJHI66.70+0.3%
MAADEN66.30+1.7%
SNB39.26+1.8%
SABIC59.45+0.3%
Boubyan Bank0.68+0.3%
GULF BANK0.350.0%
Commercial Bank Of Kuwait0.49+0.2%
Burgan Bank0.200.0%
QNB17.99-0.6%
Industries Qatar12.41+0.9%
Qatar Islamic Bank22.46-0.1%
Ooredoo13.440.0%