Home News UAE announces Hijri New Year holiday for financial markets While ADX and DFM will close for trading on July 21, Dubai Gold and Commodities Exchange will remain open and continue to operate under normal trading hours by Gulf Business July 19, 2023 Image: WAM/ ADX The UAE’s Securities and Commodities Authority has announced that Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) will close for the Hijri New Year holiday on Friday, July 21. Trading will resume on Monday, July 24, the state news agency, WAM reported. Hijri New year holiday The announcement follows Circular number 07 of 2023 issued by the Federal Authority for Government Human Resources concerning the Hijri New Year 1445 holiday. The Dubai Gold and Commodities Exchange, however, will remain open and will continue to operate under normal trading hours. In other news, Saudi Arabia’s Supreme Court announced that Tuesday will be the last day of the month of Dhul Hijjah, 1444 Hijri, corresponding to July 18, 2023, according to Saudi Press Agency. The report said, “There was no sufficient evidence that the crescent was spotted on the evening of Dhul Hijjah 29 (Monday, July 17), and hence the Supreme Court decided that Tuesday (July 18) would be the last day of the month of Dhul Hijjah.” Tags ADX DFM Hijri New Year holiday trading UAE financial markets 0 Comments You might also like ADX implements insider trading ban ahead of Q3 financial disclosures ADX sees ETF trading net Dhs1.86bn from Jan to Aug Watch and learn: Tips traders can pick up from popular sports Parkin reports strong H1 2024 results amid expansion in Dubai