UAE markets end mixed with Abu Dhabi-listed Dana Gas ending flat after the energy firm said it will honour the outstanding $920m on its Islamic bond maturing in October.
The stock rose as much as 8.8 percent intraday recovering from an all-time low. Shares in Dana Gas are down 17.8 percent so far in January.
"Some investors believing that at this level, Dana offers an attractive entry point. The stock looks like it has been oversold," said Abid Riaz, financial advisor at EFG-Hermes.
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