Abu Dhabi Securities Exchange has not launched an investigation into share price movements of Aldar Properties and Sorouh Real Estate observed ahead Abu Dhabi's two biggest developers announced that they were in talks to merge, according to ADX statement issued to deny earlier media reports, Emirates24/7 has reported. ADX has clarified that the unfounded rumours of an investigation allege a suspicious price movement of both companies' shares prior to their mutual public statement of merger talks. "ADX carries out daily routine checks on all share trading activities through highly sophisticated electronic surveillance systems which can detect any instance of share-trading violations", according to CEO of Abu Dhabi Securities Exchange M. Rashed Al Baloushi.