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Abu Dhabi’s ADX to close trading halls on virus concerns

Abu Dhabi’s ADX to close trading halls on virus concerns

The Exchange will continue to provide access to trading services through its Sahmi digital platform

Abu Dhabi Securities Exchange (ADX) has decided to temporarily close its trading hall in its main offices in the capital as well as in other emirates, it announced on Sunday.

The closure is effective from Sunday, March 15 until further notice.

This decision is in line with the instructions of the World Health Organization (WHO) to restrict public gatherings, and has been taken as a preventative measure to try and halt the spread of the global viral outbreak.

“During this public health emergency currently experienced worldwide, it is prudent to take pre-emptive and coordinated precautionary measures in a prompt manner,” said Khalifa Al Mansouri, chief executive at ADX,

“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. To ensure maximum protection and apply restrictions of movement, we recommend that our clients use our digital investor service integrated platform ‘Sahmi’ that empowers users to carry out all daily operations online.”

The Abu Dhabi government has also decided to close, between March 15-31, major tourist attractions including theme parks and cultural destinations within the emirate as a precautionary measure to prevent the spread of coronavirus within the country.

Read: Abu Dhabi closes Sheikh Zayed Grand Mosque, Louvre, Ferrari World, other tourist sites

The UAE has reported a total of 86 Covid-19 cases across the country since the outbreak.

Also read: Coronavirus: GCC reports over 800 cases, 12% recoveries

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