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Dana Gas gains, hits 14-month high
- United Arab Emirates: 22 hours, 25 minutes ago
The ADX General Index closed 1.83% higher at 3,481.47 points. Dana Gas soared 5.26, ending at Dhs0.60. Earlier in the day, the Sharjah-based oil and gas company said the net profit in the first three months of 2013 reached Dhs241m, up 17% year-on-year. Dana Gas added it pre-qualified in Lebanon's first offshore licensing round. Lebanon's energy minister said last Thursday, Lebanese offshore fields indicate reserves of 30 trillion cubic feet of natural gas and 660 million barrels of oil, according to examinations in the Cedar state's Eastern Mediterranean waters.
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Gérard Al-Fil, Financial JournalistTuesday, May 14 - 2013 at 14:49 UAE local time (GMT+4)
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