Dubai Stocks Slump the Most Since 2022 After UAE Markets Reopen

Equities in the United Arab Emirates tumbled as trading resumed on Wednesday, following a two-day closure aimed at protecting the Gulf state’s key markets as the Iran war erupted.

The Dubai Financial Market General Index closed 4.7% lower, the sharpest drop since May 2022. Abu Dhabi’s FTSE ADX General Index fell 1.9%.