Dana Gas rises to 5-month high on sukuk optimism
- United Arab Emirates: Wednesday, October 03 - 2012 at 14:33
The ADX General Index added a quarter percentage point Wednesdy, closing at 2,653.47 points. Sharjah-based Dana Gas finished 2.33% higher at Dhs0.44. On September 19, Dana's largest shareholder Crescent Petroleum said it was optimistic that the energy firm can find a way to settle a $1bn Islamic bond which matures this month. Market heavyweights Abu Dhabi National Energy Co., known as Taqa, and telecom giant Etisalat fell slightly. Some 58m shares were traded, valued at Dhs121.5m.
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