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Taqa outperforms market and ADX blue chips

The ADX General Index declined for the third consecutive day, ending 0.18% lower at 2,475.57 points. Abu Dhabi National Energy Co. or Taqa (Arabic for Energy) gained the most (up 2.54% at Dhs1.21) as the UAE's largest oil and gas exploration firm reaps benefits from its 146% year-on-year net profit increase in the third quarter, as it reported yesterday. Real estate bellwether Aldar Properties and its rival Eshraq both ended even. The sheikhdom's first lender National Bank of Abu Dhabi fell by half a per cent, finishing at Dhs10.35. Like in Dubai, trading turnover remained very weak at the ADX.