Taqa shares extend rally at Abu Dhabi bourse

28 September 2010

The Abu Dhabi bourse ADX lost 0.12% to close at 2,660.98 as real estate stocks declined further RAK Properties (off 2.38% at Dhs0.41) posted the largest loss among ADX listed developers. Despite GCC markets losing steam, shares of Abu Dhabi National Energy Co. surged 0.76%, reaching a new 2010 high at Dhs1.32. Abu Dhabi Ship Building Co. (up 5.75% at Dhs3.86) ended as a top gainer. After advancing 50% since June 2010, Waha Capital today declined by 2.63% to close at Dhs0.75. Waha Capital's CEO Salem Rashid Al Noaimi told AME Info recently that his firm aims to invest $300bn in maritime and logistics companies in the GCC, along with increasing investments in East Asia.

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