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Etisalat plummets, Dana Gas rebounds - Abu Dhabi exchange
- United Arab Emirates: Tuesday, December 11 - 2012 at 17:12
The ADX General Index dived 2.55% to 2,617.22 as market bellwether and the UAE's first telecom firm Etisalat plunged 8.94% to Dhs8.97. On Monday, the UAE government announced the revised royalty fees for both Etisalat and its Dubai-based rival Du. Investors, on the other hand, hailed Dana Gas's yesterday announced restructuring of $1bn of debt related to the sukuk it failed to settle on maturity on Oct. 31 and the shares up 7.50%, finishing Tuesday trading at Dhs0.44.
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Gérard Al-Fil, Financial JournalistTuesday, December 11 - 2012 at 17:12 UAE local time (GMT+4)
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