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Monday, December 7 - 2009

Abu Dhabi shares end the week friendly

  • United Arab Emirates: Thursday, October 01 - 2009 at 17:06

The ADX followed the Dubai market and gained slightly, ending 0.44% higher at 3,137.99 points. As oil prices soared to $70 per barrel again, Abu Dhabi National Energy Co. (Taqa) advanced 1.90% and finished at Dhs1.62. Taqa announced today that it completed a EUR285m acquisition of DSM Energie Holding B.V. from Netherland's Royal DSM N.V. Banks, on the other hand, performed weakly, with bellwether National Bank of Abu Dhabi (NBAD) plummeted 2.55% (at Dhs13.55). The ADX General Index gained 0.61% during the last week.

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