Doha: UAE Securities and Commodities Authority (SCA) announced Tuesday the resumption of trading, as well as clearing and settlement activities, across the nation's capital markets, namely the Abu Dhabi Securities Exchange and the Dubai Financial Market, effective Wednesday.

According to Qatar News Agency, the move follows ongoing coordination between SCA and the two markets, in accordance with the previously announced timeline framework, SCA highlighted in a statement.

The statement reaffirmed that it will closely monitor developments in the region and take any actions it deems necessary in accordance with its legal and regulatory authorities to protect investors.

It called on all relevant parties to follow the official channels of the aforementioned financial institutions to be apprised of any further updates.