Abu Dhabi and Dubai Stock Exchanges Halt Trading Amid Regional Uncertainty; Kuwait Resumes

Alanbatnews -

Abu Dhabi and Dubai stock exchanges suspended trading for two days as a precautionary measure amid regional volatility, while Kuwait's stock market resumed operations after a one-day suspension, authorities announced.

The Emirates Securities and Commodities Authority stated trading was halted on the Abu Dhabi Securities Exchange and the Dubai Financial Market for March 2 and 3, according to an official statement. The regulator said the move aimed to mitigate potential sharp disturbances impacting investor sentiment.

The authority emphasized it is closely monitoring the rapidly evolving regional situation and remains prepared to implement additional measures to safeguard market stability.

Meanwhile, the Kuwait Capital Markets Authority announced the resumption of trading on the Kuwait Stock Exchange starting Monday, following a one-day closure on Sunday. The authority stated the decision to reopen followed a thorough assessment of the situation, confirming the financial market system's readiness and the ability of its participants to manage operations under the current exceptional circumstances.

The Kuwaiti bourse had previously suspended trading to protect investors and ensure market stability in the face of escalating military tensions. It stressed the security and stability of the financial system as a top priority amid ongoing regional developments, adding that it would continue monitoring the situation to ensure business continuity.