---
title: "Missiles cut through the \"Calm Bay\": UAE market closed for two days cannot escape the correction, Dubai index plunged nearly 5% during trading"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/277740210.md"
description: "The UAE stock market plummeted significantly after the US-Israel launched an attack on Iran, with the Dubai Financial Market General Index dropping as much as 4.7% in early trading. The UAE Securities and Commodities Authority temporarily closed the exchange for two days in response to Iran's missile and drone threats. Although trading resumed on Wednesday, market sentiment was affected by the escalation of the conflict, and the Abu Dhabi FTSE ADX General Index also fell by 2.9%"
datetime: "2026-03-04T07:26:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277740210.md)
  - [en](https://longbridge.com/en/news/277740210.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277740210.md)
---

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# Missiles cut through the "Calm Bay": UAE market closed for two days cannot escape the correction, Dubai index plunged nearly 5% during trading

According to Zhitong Finance APP, the UAE stock market plummeted significantly after the US-Israel launched attacks on Iran, resuming trading on Wednesday. Previously, this Gulf nation had suspended trading for two consecutive days to protect its key markets.

The Dubai Financial Market General Index fell by as much as 4.7% in early trading, with Emirates NBD Bank and Emaar Properties leading the decline. The Abu Dhabi FTSE ADX General Index dropped by 2.9%.

On the 2nd and 3rd of this month, the UAE Securities and Commodities Authority temporarily closed both exchanges due to hundreds of missiles and drone attacks launched by Iran against Dubai and Abu Dhabi. This action by Iran was in response to the attacks initiated by the US and Israel since last Saturday.

The UAE regulatory authority announced on Tuesday that the stock market would resume trading on Wednesday. The Dubai Stock Exchange stated that it would implement a 5% "temporary adjustment lower limit threshold."

As the conflict escalates, potentially undermining the UAE's carefully cultivated image as a calm haven in a turbulent region, the country has attempted to fend off dozens of missiles launched by Iran.

As a financial hub in the Middle East, the Dubai stock market soared to a new high not seen since 2006 in early February, driven by investor bets on its economic resilience. Previously, thanks to consumer growth, a real estate boom, and the expansion of the financial services sector, the main benchmark index recorded an astonishing 300% increase over nearly six years.

Similarly, the stock markets of Qatar, Saudi Arabia, and Kuwait, which were also attacked by Iran, have seen declines this week. However, due to the war disrupting regional supplies, oil prices have surged, and stocks listed in Riyadh have begun to recover some of their losses

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