Abu Dhabi's index edges up from the previous day's seven-month closing high as merger anticipation surrounding its two main property stocks continues, while Dubai slips back after Monday's rally.
The Abu Dhabi exchange rises 0.2 percent to 2,640 points, with Aldar Properties and Sorouh Real Estate
making up the vast majority of shares traded in the opening hour of business.
In a joint bourse statement on Tuesday, the firms said that due diligence was ongoing but the discussions were at an advanced state, following a senior Sorouh executive saying on Sunday a merger announcement would be made within a month.
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