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Monday, 10 April 2017

MIDEAST STOCKS-Geopolitical risk keeps funds away, but Abu Dhabi's TAQA shines | Reuters

MIDEAST STOCKS-Geopolitical risk keeps funds away, but Abu Dhabi's TAQA shines | Reuters:

"Most stock markets closed down on Monday with volumes low as geopolitical risk kept institutional funds away, but Abu Dhabi's energy company TAQA kept rising after the government increased its stake in the company last week.

Abu Dhabi's index fell 0.4 percent, with shares of the recently merged lender First Abu Dhabi Bank down 0.9 percent, its third consecutive session of declines.

Shares of what is now the largest bank by assets in the emirate outperformed last week as emerging market funds adjusted weightings in their portfolios to reflect the merger."



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