Trading volumes on DFM and ADX expected to jump with new working week

Trading volumes on DFM and ADX expected to jump with new working week

Trading volumes on both the Dubai Financial Market and Abu Dhabi Securities Exchanges are expected to surge in the coming days as both bourses switch to a Monday-to-Friday trading week in line with most global markets.

Both the DFM and ADX said they would operate from 10am to 3pm from Monday to Friday, following the UAE government's move last month to change the weekend from Friday and Saturday to Saturday and Sunday.

Today is the first Friday of trading on both stock markets since this change.

“As we go into 2022, this will have a substantial impact on the turnover and appetite of foreign investments into the UAE markets,” Marwan Shurrab, head of high-net-worth clients and retail equities at Al Ramz Capital, said.