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Taqa hits 1-year low

The Abu Dhabi market index ADXGI lost for fourth consecutive day, closing 0.07% lower at 3,734.55 points. Trading action on Thursday saw more shares gaining (14) than losing (12), but sluggish blue chips weighed on the gauge. In the wake of this week's mini-crash, shares of Abu Dhabi National Energy, better known as Taqa, plummeted 4.76% to Dhs1.20, the lowest level since July 2012. The emirate's biggest developer Aldar, on the other hand, bounced back by 1.23% to reach Dhs2.46. 183m shares were traded, valued at Dhs400.3m.