Is Dubai Financial Market Open?
The Dubai Financial Market (DFM) is one of the leading stock exchanges in the Middle East region. It plays a vital role in the UAE’s economy, providing a platform for local and international investors to trade various financial instruments.
If you are interested in investing or trading on the DFM, it’s essential to know the market’s operating hours and trading days.
Dubai Financial Market Operating Hours
The DFM operates from Sunday to Thursday, following the working week in Dubai. The market opens at 10:00 AM local time and closes at 2:00 PM local time.
Trading Days on Dubai Financial Market
The DFM is open for trading on all weekdays, except for public holidays declared by the UAE government. It’s important to note that public holidays may vary each year, so it’s advisable to check the official DFM website or consult your broker for accurate information regarding holiday closures.
Weekend Closure
Unlike some other stock exchanges around the world, the DFM is closed on Fridays and Saturdays. This aligns with the weekend days in Dubai, where Friday is considered a day of prayer and rest.
Holiday Closures
During public holidays, the DFM remains closed. These holidays include both religious and national observances celebrated in the UAE.
It’s crucial to stay informed about these holidays as they can affect trading schedules and liquidity levels.
Conclusion
To sum up, the Dubai Financial Market operates from Sunday to Thursday between 10:00 AM and 2:00 PM local time. It remains closed on Fridays and Saturdays, following the weekend days in Dubai.
Additionally, trading is halted during public holidays as announced by the UAE government. Understanding the operating hours and trading days of the DFM will help you plan your investment activities effectively.
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