Abu Dhabi Stocks Lead Gulf Equity Gain as Banks Prepare to Merge

Updated on
  • ADX General Index rises as NBAD, FGB provide merger details
  • Bloomberg’s GCC 200 Index in longest win streak since October

Abu Dhabi's NBAD and FGB to Merge

Abu Dhabi stocks led gains across Gulf Arab equity markets as two of the emirate’s biggest banks approved plans to merge, stoking investor speculation there will be further consolidation in the sheikhdom.

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