India, March 2 -- The Abu Dhabi Securities Exchange and the Dubai Financial Market will remain shut on March 2 and March 3, authorities announced, as the United Arab Emirates grapples with escalating Middle East tensions.

The decision was confirmed by the UAE Capital Market Authority, which said the temporary suspension was aimed at stabilising markets amid uncertainty following repeated missile and drone attacks on the Gulf nation.

"The Authority will continue to monitor developments in the region and assess the situation on an ongoing basis, taking any further measures as necessary," it added.

Market shutdowns outside pre-scheduled holidays are highly unusual in the UAE. Typically, trading is suspended only during periods of national...