The UAE stock markets declined at the opening on Wednesday. The Dubai Financial Market General Index (DFMGI) declined 4.65 percent, or 302 points, to 6,201 points, while the Abu Dhabi Securities Exchange opened 2.78 percent, or 309 points, lower at 10,156 points on Wednesday morning.
The UAE Capital Market Authority (CMA) on Sunday, which regulates the local bourses, declared that ADX and DFM will be closed on Monday and Tuesday as a result of the current military conflict in the area.
CMA said in a statement on Sunday, “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.”
However, there was also geopolitical tension in the region, which led to the closure of some other bourses in the Gulf.
Amlak, Dewa, Dubai Investments, Emirates NBD, Mashreq, and Dubai Residential REIT dominated the negative trend in Dubai, with each of them losing five percent on opening trade.
Aldar Properties, Abu Dhabi National hotels and Abu Dhabi Adnoc Distribution declined by five per cent in Abu Dhabi.
Simultaneously, the Abu Dhabi Securities Exchange on Wednesday requested listed firms to reexamine their exposures in the light of current market conditions and report any material information that could influence investors in their decision-making.
The Abu Dhabi Securities Exchange stated on Wednesday, “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.”
