Energy stocks pull Abu Dhabi index down

15 June 2010

The ADX General Index dropped 0.65% lower, closing at 2,510.69 points. Dana Gas plummeted 6.06% down to Dhs0.62. Abu Dhabi National Energy Company, dubbed Taqa, ended 0.93%, closing at Dhs1.08. Around 9% of the world's proven oil reserves are located in Abu Dhabi. Real e state firms also underperformed on Tuesday. Abu Dhabi National Insurance Group (ADNIC) bucked the trends, jumping 10% and closing at Dhs6.60. Ras Al Khaima Ceramic, the world's largest ceramic producer form the emirate of Ras al-Khaima, finished 5.88% higher at Dhs1.44.

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