DANA GAS touches 6-session peak on British court order

Abu Dhabi – Mubasher: United Arab Emirates’ DANA GAS share recorded its highest level since six sessions on Sunday, after the British High Court passed its order to the Kurdish regional government to pay Dana's consortium $100 million within two weeks.

The company’s share rose by about 4.88% to AED 0.43, with a trading value of AED 5.73 million reached from exchanging 13.30 million shares.

The British court ruling should oblige the Kurdish regional government to pay the cost of what has been produced from liquefied petroleum gas condensate in accordance with the international prices, the Abu Dhabi listed company said in a statement. 

MUBASHER Contribution Time: 22-Nov-2015 07:43 (GMT)