Dubai [Qatar], March 4: UAE Securities and Commodities Authority (SCA) announced on Tuesday the resumption of trading, as well as clearing and settlement activities, across the nation's capital markets, namely the Abu Dhabi Securities Exchange and the Dubai Financial Market, effective Wednesday.
The move follows ongoing coordination between SCA and the two markets, in accordance with the previously announced timeline framework, SCA highlighted in a statement.
The statement reaffirmed that it will closely monitor developments in the region and take any actions it deems necessary in accordance with its legal and regulatory authorities to protect investors.
It called on all relevant parties to follow the official channels of the aforementioned financial institutions to be apprised of any further updates.
The move follows ongoing coordination between the SCA and the two markets, in line with the previously announced timeline framework, the Authority said in a statement. The regulator reaffirmed that it will continue to closely monitor regional developments and take any measures deemed necessary within its legal and regulatory mandate to safeguard market stability and protect investors' interests.
The resumption of activities reflects the resilience and operational readiness of the UAE's financial infrastructure, underpinned by robust regulatory oversight and advanced trading systems. Market participants have been advised to review operational guidelines and ensure compliance with updated procedures to facilitate a smooth return to normal trading operations.
Source: Qatar Tribune