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Thursday, 1 June 2017

MIDEAST STOCKS-Dana Gas continues climb on Kurdistan hopes, DAMAC drops back | Reuters

MIDEAST STOCKS-Dana Gas continues climb on Kurdistan hopes, DAMAC drops back | Reuters:

"Most stock markets in the Gulf rose in early trade on Thursday, with Abu Dhabi's Dana Gas still buoyed by hopes for payments from the Kurdistan Regional Government (KRG). Dana added 2.4 percent, following Wednesday's 5.1 percent jump, after news that Pearl Petroleum, a consortium involving Dana, had applied to a U.S. District Court for recognition and enforcement of awards made at the London Court of International Arbitration against the KRG. Abu Dhabi's index rebounded 0.9 percent after falling 1.7 percent on Wednesday, with First Abu Dhabi Bank advancing 1.4 percent."



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