The ADX General Index dived 1.11% Sunday to close at 2,480.84. Energy and banking shares were sold in particular. The sheikhdom's first oil and gas company Abu Dhabi National Energy Co. or Taqa plummeted 6.25% to hit Dhs1.20 after oil prices fell to a 9-month low last week. Dana Gas from Sharjah closed flat at Dhs0.38. Earlier in the day, Dana Gas said that on Friday, 22 June 2012, two Liquefied Petroleum Gas (LPG) road tankers, belonging to a local LPG trader, caused a fire during filling at the loading facility of Khor Mor LPG Plant in Kurdistan Region of Iraq. "The accompanied explosion resulted into four injuries and one fatality of a tanker driver thereby causing extensive damage to the loading facility," Dana Gas said in a statement to the ADX, adding that "With full Corporation and support of the all the government institutions in the Kurdistan Region Government immediate medical support was available to the injured and fire-fighting teams extinguished the fire within two hours. As a precautionary measure, the plant has been temporarily shut down while a full investigation is conducted and repairs are carried out. A partial production restarted yesterday Saturday from the Early Production Facility producing and supplying gas to the power stations."
Gold price is still not stabilized in India like everywhere else. After going down, the g
Gold price opens lower in Hong Kong
The gold price in Hong Kong went down 180 HK dollars to open at 12,720 HK dollars per tael on Thursday, according to the Chinese Gold and Silver Exchange Society.
The price is equivalent
Market Cap Indices Turn Red at Qatar Exchange
The QE index spending almost the entire session below the break even line witnessed a bearish trend on Thursday 23rd May 2013. The index dropping 37.28 points or 0.41 percent reached at 9,048.62 leve
Small Cap and Large Cap Push ADX Index Lower
The ADX General Index sustained its downward march and finished the session with a decline of 1.23 percent on Thursday 23rd May 2013 . The index dropped 43.02 points, closing at 3,460.36.
WEF to focus on challenges
Leaders from the Middle East and North Africa in business, economics and politics will focus on the aftermath of the Arab Spring as they gather for the World Economic Forum in Jordan this weekend.