Monday 25 December 2017

MIDEAST STOCKS-Gulf mostly quiet, Dana Gas leaps in Abu Dhabi | ZAWYA MENA Edition

MIDEAST STOCKS-Gulf mostly quiet, Dana Gas leaps in Abu Dhabi | ZAWYA MENA Edition:

"Gulf stock markets were mostly quiet in thin, early trade on Monday although 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 gained 0.5 percent as Dana jumped 11.8 percent; it was the market's most heavily traded stock. 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. "



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