Mubasher: The stock of Ahli United Bank (AUB) increased in both Boursa Kuwait and Bahrain Bourse (BHB) on Tuesday by 10:20 am Kuwait time in line with the news disclosed on Monday over a possible merger with Kuwait Finance House (KFH).

AUB went up 1.9% when trading on Boursa Kuwait, while it rose by 6.8% to be the top winner in BHB.

AUB registered the highest liquidity in the two stock exchanges until that time, with KWD 6 million ($19.9 million) in Boursa Kuwait and BHD 1.01 million ($2.7 million) in BHB.

On Monday, KFH said it has called Ahli United Bank (AUB) Bahrain to sign a memorandum of understanding (MoU) and information confidentiality agreement, in case of approval.

AUB announced that it has welcomed the MoU agreement to create a new banking entity.