Monday, 6 August 2018

Graphic: TAQA pushes Abu Dhabi's stock market higher on Monday, as its stock price more than doubles in 2018 | ZAWYA MENA Edition

Graphic: TAQA pushes Abu Dhabi's stock market higher on Monday, as its stock price more than doubles in 2018 | ZAWYA MENA Edition:

Energy stocks in Abu Dhabi were among the main benefactors of rising oil prices on Monday, as the market anticipated the possibility of renewed sanctions on Iran.

Abu Dhabi’s National Energy Company (TAQA), the best performer in Abu Dhabi, closed 4.24 percent higher at the end of Monday’s trading session, while Dana gas added 0.93 percent.

The rise in energy shares helped the Abu Dhabi index to add 1.79 percent on Monday, after dropping close to 0.1 percent in the previous session.

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