The United Arab Emirates' Dana Gas jumps 5.0 percent, partially recovering from a seven-week low, after the company says it is negotiating a standstill agreement with a creditors' committee.
The natural gas producer failed to repay a $920 million sukuk on maturity last Wednesday, becoming the first UAE company to miss a bond redemption.
The stock tumbled as much as 7.3 percent intra-day on Monday, before closing 2.4 percent lower, after a source close to holders of the bond said they might stake a claim to Dana's extensive Egyptian assets because of the non-payment.
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