Abu Dhabi bourse advances insignificantly

03 October 2010

Shares of RAK Ceramics Co., which is listed at the Emirates Securities Market ADX in Abu Dhabi, posted the second largest advance Sunday, climbing 5.41% to close at Dhs5.41. The firm announced today that its Board of Directors Meeting will be held on Tuesday October 5th. The ADX closed 0.06% higher at 2,674. Abu Dhabi National Energy Co., better known as Taqa, finished flat at Dhs1.34. According to Bloomberg, Taqa is in talks with banks to raise around $3bn of loans to refinance an existing credit line.

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