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16 March 2020
BUSINESS

DFM shuts trading floor to prevent spread of Covid-19

The Dubai exchange urged market participants to utilise its digital platform

The decision by DFM and ADX is in line with the instructions of the World Health Organisation to restrict public gatherings/Bloomberg

by Kudakwashe Muzoriwa

The Dubai Financial Market (DFM) has temporarily closed its trading floor and customer affairs counters as a precautionary measure to contain the spread of Covid-19.

DFM stated that the trading floor and the customer affairs counter will be closed from 16 March 2020 until further notice.

Hassan Al Serkal, the Chief Operating Officer of DFM, said, “The temporary closure of the trading floor doesn’t affect the trading activity as it continues as usual. Investors can carry on with their activities through the DFM online and smart platforms as well as the licenced brokerage firms.”

The move follows Abu Dhabi Securities Exchange’s (ADX) temporal closure of the trading hall in its main offices in Abu Dhabi as well as those in the other emirates until further notice.

ADX will continue to provide comprehensive access to trading services through its Sahmi digital platform.

The decision by DFM and ADX is in line with the instructions of the World Health Organisation (WHO) to restrict public gatherings.


RELATED STORIES: Dubai Financial Market Abu Dhabi Securities Exchange World Health Organisation Covid_19

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