MIDEAST STOCKS-Gulf mostly quiet as Abu Dhabi's Dana soars before court hearing:
"Gulf stock markets were mostly quiet in moderate trading volumes on Monday as Abu Dhabi-listed Dana Gas jumped ahead of a court hearing on its effort to avoid redeeming $700 million of Islamic bonds. Abu Dhabi’s index edged up 0.3 percent as Dana jumped 13.2 percent; it was the market’s most heavily traded stock by far. A court in the emirate of Sharjah was expected later on Monday to hear a case in which Dana is seeking to have its sukuk declared invalid under United Arab Emirates law."
'via Blog this'
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