FX.co ★ UAE Stocks Fall to Six-Week Low

The UAE’s ADX General Index dropped more than 3% to around 10,085, marking a six-week low as equity markets reopened after a two-day suspension driven by escalating regional tensions. Trading on both the Abu Dhabi Securities Exchange and the Dubai Financial Market was halted on March 2–3, following Iran’s launch of hundreds of missiles and drones in retaliation for ongoing US-Israel military operations. With markets now back online, investors adopted a cautious stance, reassessing risk as the conflict cast a spotlight on regional security and potential implications for the UAE’s status as a stable financial hub. Wednesday’s steep decline reflects the market’s repricing of elevated geopolitical risk after the latest flare-up. Broad-based sector weakness dragged the index lower, with notable declines in International Holding Company (-1.28%), Abu Dhabi Energy (-4.95%), ADNOC Gas (-2.94%), and NDB Bank (-5%).