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Sun 20 Nov 2016 02:41 PM

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Shares in ADCB, UNB, ADIB resume trading

Shares in the banks were suspended earlier on Sunday, according to an exchange source

Shares in ADCB, UNB, ADIB resume trading

Shares in Abu Dhabi banks Abu Dhabi Commercial Bank (ADCB), Abu Dhabi Islamic Bank (ADIB) and Union National Bank (UNB) resumed trading on Sunday after being suspended earlier in the day, according to Abu Dhabi Securities Exchange's website.

Shares in the banks were suspended earlier on Sunday, according to an exchange source, who did not give a reason for the suspension.

The shares jumped last week on renewed speculation that the Abu Dhabi government might engineer a merger between ADCB and UNB, and another between ADIB and Al Hilal Bank, as part of an efficiency drive.

In a statement on Sunday, ADCB, UNB and ADIB each denied it was in any merger talks.

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