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WAM / Gulf Time
The Abu Dhabi Securities Exchange (ADX) is amending its trading week to Monday through Friday, effective January 3, 2022. Trading hours will remain unchanged, opening at 10:00am and closing at 3:00pm. The exchange’s new trading week follows the recent announcement made by the UAE government to adopt a four and a half day working week, with Friday being a half day.
Dubai Financial Market (DFM) also announced its new trading hours that will come into effect as of January 3, 2022, with a five hours trading session between 10 am and 3 pm from Monday to Friday.
The Monday to Friday trading window align with local and international financial institutions and further contribute to DFM’s recent momentum by expanding the presence of international participants on DFM, as they currently contribute 50% of the market’s trading activities and represent one-third of the investor base.
The new trading hours are set in coordination with local and international market participants including; investors, brokerage firms and financial institutions, and will harmonise DFM’s operations with international financial markets, a factor that will enhance the market’s competitiveness regionally and globally.