Abu Dhabi-Mubasher: National Bank of Abu Dhabi (NBAD) ranked the 3rd place in the list of rising stocks amid a wave of declines that hits Abu Dhabi Securities Exchange (ADX) on Sunday.

The stocks rose 1.61% to AED 8.84 by 1:15pm following NBAD’s announcement that it signed an agreement with Royal Bank of Scotland to buy offshore loan book in India for $900 million.

Turnover on the stock reached AED 1.4 million as 155,147 shares were exchanged through 23 transactions.

The agreement will be effective as of the third quarter of 2015 after getting necessary approvals.