Abu Dhabi-listed Dana Gas tumbles to its lowest finish since Oct. 4 after sources said the firm will miss repayment of a sukuk, while UAE bourses end near-flat. Shares in Dana drop 4.3 percent to 0.43 dirhams, its lowest finish since Oct. 4, having traded down 8.5 percent intra-day. Dana has reached a standstill agreement with bondholders on its $920 million sukuk maturing Oct. 31, which is effective for up to six months, three sources familiar with the matter told Reuters.
Heavyweights limit declines on the bourse. Telecom operator Etisalat and First Gulf Bank gain 0.4 and 1
percent respectively.
Abu Dhabi's measure ticks up 0.03 percent to close at 2,672 points, a fresh 14-month high.
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