UAE Stock Markets Plunge DFM Drops 4.6% While ADX Falls 2.8% In Early Trade

robot
Abstract generation in progress

(MENAFN- Khaleej Times) [Editor’s Note: Follow Khaleej Times live blog amid ** Israeli, US strikes on Iran** for the latest regional developments.]

The UAE stock markets plunged at the opening on Wednesday. The Dubai Financial Market General Index (DFMGI) fell 4.65 per cent, or 302 points, to 6,201 points, while the Abu Dhabi Securities Exchange opened 2.78 per cent, or 309 points, lower at 10,156 points on Wednesday morning.

Recommended For You

The UAE Capital Market Authority (CMA), which regulates the local bourses, announced on Sunday that ADX and DFM would remain closed on Monday and Tuesday due to the ongoing military conflict in the region.

** Stay up to date with the latest news. Follow KT on WhatsApp Channels.**

“In implementation of its supervisory and regulatory role over the UAE capital markets, and pursuant to the applicable laws and regulations, the UAE Capital Market Authority (CMA) announces that the UAE capital markets (Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM)) will be closed on Monday, March 2, and Tuesday, March 3, 2026,” CMA said in a statement on Sunday.

Some other Gulf bourses were also closed due to geopolitical tensions in the region.

In Dubai, Amlak, Dewa, Dubai Investments, Emirates NBD, Mashreq, and Dubai Residential REIT led the downward trend, each losing five per cent in early trade.

In Abu Dhabi, Aldar Properties, Abu Dhabi National Hotels, and Adnoc Distribution were down five per cent.

Notably, the Abu Dhabi Securities Exchange on Wednesday asked listed companies to review their exposures in light of prevailing market circumstances and disclose any material information that may impact investors’ decisions.

“In light of prevailing market circumstances and in accordance with your ongoing continuous disclosure obligations under the applicable ADX Rules, the Exchange requests all listed companies to review their financial and operational exposure and to make immediate disclosure of any material information that may impact investors’ decisions,” the Abu Dhabi Securities Exchange said on Wednesday.

ALSO READ

UAE stock markets to resume trading from Wednesday after 2-day halt

UAE stock markets to remain closed till March 3 amid regional tensions

UAE markets face technical weakness amid global headwinds

MENAFN04032026000049011007ID1110816272

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments