MIDEAST STOCKS-Dana Gas down as London sukuk trial set to resume, Qatar rises:
"Shares of Abu Dhabi-listed Dana Gas fell sharply in early trade on Sunday on news that a London court hearing on its maturing sukuk issue would go ahead, while the rest of the region was mixed. Dana Gas lost 3.9 percent. After several delays last week, a London High Court trial on the validity of $700 million of sukuk issued by Dana will go ahead on Monday. Dana said in June it would not redeem its sukuk because they had become invalid under United Arab Emirates law. The case is being fought in UAE and British courts, and sukuk holders have been hoping the London court will produce a ruling that effectively shuts down Dana’s legal campaign in both jurisdictions."
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