Uae Bourses Slide After Markets Reopen From Two-Day Halt During Iranian Attacks
Dubai and Abu Dhabi indexes fell over 3%, with Emirates NBD down 5.2%, as markets reopened after closure due to Iranian missile and drone strikes on civilian infrastructure.
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8 Articles
UAE stocks slide as markets reopen after Iranian strikes
UAE stocks plunged on the first day of trading since the country was targeted by Iranian strikes. The main indices for the Abu Dhabi and Dubai bourses ended Wednesday down 1.9% and 4.7% respectively, with utility companies, banks, and property firms leading the declines.Emirati regulators had closed the country’s stock markets for two days as its main business hubs were attacked by Iranian missiles and drones, upsetting the cities’ long-develope…
UAE bourses slide nearly 5% as markets reopen after 2-day halt following Iran attacks
Dubai and Abu Dhabi stock markets experienced significant drops upon reopening after a two-day closure following Iran's missile and drone attacks. Major indices saw their steepest declines since May 2022, with blue-chip companies and financial institutions leading the losses. Both exchanges implemented a temporary -5% price limit for securities.
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