Taqa shares surge as oil hits five-month high

07 October 2010

The Abu Dhabi market index ADXGI added 0.29 to close at 2,685.30. Abu Dhabi National Energy Co. or Taqa reached another 2010 new high by gaining 2.24%, finishing at Dhs1.37. Oil prices surged over $83 Wednesday, the highest level since May 2010. Industry shares performed overall weaker such as National Marine Dredging Co. (off 9.31% to close at Dhs8.41).

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