Abu Dhabi, Mar 2: Financial trading on the Abu Dhabi Securities Exchange and the Dubai Financial Market has been suspended for Monday, March 2, and Tuesday, March 3, as authorities respond to rising instability in the Middle East.
The Capital Market Authority confirmed the temporary closure, stating that the step was taken under its regulatory mandate and in accordance with existing laws. The watchdog said it is closely tracking developments and will determine further action if conditions warrant.
Investors and listed companies were urged to monitor official communication channels of the exchanges for updates regarding the resumption of operations and any additional directives.
The precautionary move follows escalating military confrontations involving Iran, the United States and Israel, triggering retaliatory exchanges and heightened security concerns across Gulf Cooperation Council nations, including the UAE, Bahrain, Kuwait, Qatar and Oman.
Officials indicated that the halt in trading is intended to preserve market stability and safeguard the financial system during a period of heightened uncertainty. Further measures may be introduced depending on how the regional situation evolves.