By Gavin Gibbon
Abu Dhabi Securities Exchange clients urged to use digital investor service platform during temporary period of closure
Abu Dhabi Securities Exchange (ADX) has temporarily closed its trading halls throughout the UAE as a precautionary measure against the spread of coronavirus.
It comes amid directions from the World Health Organisation (WHO) to restrict public gatherings.
Khalifa Al Mansouri, chief executive of ADX, said: “Trading operations will not be affected by the closure of the trading halls as ADX offers various channels traditional as well as digital from which investors can trade.”
Clients have been advised to use the digital investor service integrated platform ‘Sahmi’ during the temporary period of closure.
Al Mansouri added: “During this public health emergency currently experienced worldwide, it is prudent to take pre-emptive and coordinated precautionary measures in a prompt manner.”
ADX has trading locations in Abu Dhabi, Al Ain, Fujairah, Sharjah, and Ras Al Khaimah.
The halls will remain closed until further notice.
On Saturday, Abu Dhabi Department of Economic Development (ADDED) ordered all cinemas, video games centres, lounges and night clubs to close.
There are currently 86 confirmed cases of coronavirus in the UAE.For all the latest market news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.