Abu Dhabi Securities Exchange (ADX) loses more than 5% in three-session week after rare halt
Abu Dhabi Securities Exchange’s main index slipped 1.4% on Friday, bringing its weekly loss to over 5% after three straight days of declines that followed an unusual two-day market closure. Aldar Properties, Emirates Telecommunications Group, and Abu Dhabi Commercial Bank weighed most heavily on shares during Friday’s session. It's relevant now since ADX and Dubai's exchange stayed closed March 2 and 3—missile and drone attacks targeted airports, ports, even residential districts in the UAE. Closures like this almost never happen unless it’s a holiday or a day of mourning. Trading only resumed Wednesday, so investors had to recalibrate everything in a shortened stretch.
