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Latest News

 

Holiday Notification - Eid Al Fitr 2020

Dear Valued Investor,

On the occasion of Eid Al Fitr, please note holidays for respective markets below:

  • Dubai Financial Market (DFM), Abu Dhabi Financial Exchange (ADX) and Nasdaq Dubai markets will observe holiday from 29th Ramadan which falls on Friday, 22nd May 2020 till 3rd Shawal which may fall on either Monday, 25th May or Tuesday, 26th May 2020. Markets will resume officially on the 4th day of Shawal.
  • The Saudi Stock Exchange - TADAWUL will observe holiday from Sunday, 24th May till Thursday 28th May 2020 and will resume officially on Sunday 31st May 2020.

 

Details of Financial Settlement for DFM & ADX:

Settlement schedule if Eid Al Fitr falls on Saturday 23rd May 2020

Trading Day Settlement Day
Wednesday, 20th May 2020 Tuesday, 26th May 2020
Thursday, 21st May 2020 Wednesday, 27th May 2020

Settlement schedule if Eid Al Fitr falls on Sunday 24th May 2020

Trading Day Settlement Day
Wednesday, 20th May 2020 Wednesday, 27th May 2020
Thursday, 21st May 2020 Thursday, 28th May 2020

 

Details of Financial Settlement for Nasdaq Dubai:

Settlement schedule if Eid Al Fitr falls on Saturday 23rd May 2020

  Trade Date Settlement Date
AED Wednesday, 20th May 2020 Tuesday, 26th May 2020
Thursday, 21st May 2020 Wednesday, 27th May 2020
Tuesday, 26th May 2020 Thursday, 28th May 2020
USD Wednesday, 20th May 2020 Tuesday, 26th May 2020
Thursday, 21st May 2020 Wednesday, 27th May 2020
Tuesday, 26th May 2020 Thursday, 28th May 2020

Settlement schedule if Eid Al Fitr falls on Sunday 24th May 2020

  Trade Date Settlement Date
AED Wednesday, 20th May 2020 Wednesday, 27th May 2020
Thursday, 21st May 2020 Thursday, 28th May 2020
Wednesday, 27th May 2020 Sunday, 31st May 2020
USD Wednesday, 20th May 2020 Wednesday, 27th May 2020
Thursday, 21st May 2020 Thursday, 28th May 2020
Wednesday, 27th May 2020 Monday, 01st June 2020

 

We take this opportunity to extend our best wishes to you.

Eid Mubarak.

Regards,
Emirates NBD Securities LLC

 

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Emirates NBD Securities L.L.C. is authorized and regulated by the Securities and Commodities Authority under Licensing Number 604003