Dubai – Mubasher: Shuaa Capital’s stock rose by 3.45% early Wednesday following the announcement of combining business with Abu Dhabi Financial Group (ADFG).

By 11:30 am UAE time, the stock recorded AED 0.96 through 8.272 million shares traded at a turnover of AED 8.064 million, boosting the investment sector by 0.77%.

Meanwhile, the Dubai Financial Market’s (DFM) general index inched down 0.06% to 2,621.98 points.

Shuaa Capital closed Tuesday’s trading session at AED 0.93.

Earlier this morning, Shuaa Capital and ADFG announced that they approved to combine the two businesses in a transaction for the regional financial services industry.