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Taqa completes sukuk issuance in Malaysia, shares end flat

 
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Kirk
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PostPosted: Sun Feb 26, 2012 7:07 pm    Post subject: Taqa completes sukuk issuance in Malaysia, shares end flat Reply with quote

The Abu Dhabi market measure continued its bull run and gained 1.28% to reach 2,571.58 points Sunday. "Regionally, the Abu Dhabi and Saudi markets hit 5-month and 3-year highs respectively last week, boosted by recent oil price trends and improved global sentiment," said Dr. Nasser Saidi, Chief Economist and Head of External Relations at the DIFC Authority, in his weekly economic commentary. Abu Dhabi National Energy Co. or Taqa closed even at Dhs1.27. Earlier in the Taqa announced it successfully completed the issuance of a MYR650m ($215.5m) sukuk, as part of its MYR3.5bn ($1.16bn) sukuk program established in November 2011. Market bellwether Etisalat slipped 0.21% to Dhs9.50. Some 184m shares were traded, valued at Dhs212.9m.

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