Taqa fuels Abu Dhabi market's slight rise
- United Arab Emirates: Sunday, March 15 - 2009 at 16:06
The Abu Dhabi Securities Market (ADX) started bullish, then declined and eventually closed 0.41% higher at 2,328.32 points. Market bellwether Taqa gained 8.28%. According to JP Morgan the current oil price of $46 is higher than the last decade's average, despite the financial crisis. Abu National Takaful posted the biggest gain (up ten percent straight). The Islamic insurance operator associated with Swiss insurance giant Zurich Financial at the end of 2008 in order to develop customer-focused solutions for the GCC.
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