The UAE closes the Abu Dhabi and Dubai stock exchanges for two days due to Iranian attacks
The United Arab Emirates has ordered the closure of its financial markets in response to retaliatory missile attacks and drone strikes from Iran, reflecting growing economic instability in the Gulf region.
Temporary closure of the exchanges in Abu Dhabi and Dubai
Authorities in the United Arab Emirates announce that trading on the ADX and DFM exchanges will be halted on Monday and Tuesday.
How did the Arab market react to Iran's attacks?
The Arab stock markets experienced a decline on the second day of Israeli and U.S. airstrikes on Iran, amid new explosions in the region, but there was no indication of a panic sell-off.
Mixed Performance of Arab Stock Markets Today
Arab stock markets showed mixed performance today, with the Saudi stock exchange's main index dropping by 1.51% and shares of the oil giant Aramco also declining.