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Monday, 10 April 2017

MIDEAST STOCKS-Abu Dhabi's TAQA rises, most other shares flat | Reuters

MIDEAST STOCKS-Abu Dhabi's TAQA rises, most other shares flat | Reuters:

"Shares of Abu Dhabi National Energy jumped ahead of most other shares in the region in early trade on Monday as last week's news that the company may have turned a corner attracted buyers. Abu Dhabi National Energy jumped 3.4 percent, heading for a third consecutive session of gains. Shares in the gas explorer have been volatile since last week when Abu Dhabi's state utility tightened its grip on loss-making company by boosting its stake to 74 percent, days after it granted land that could potentially wipe out the energy company's losses."



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