Abu Dhabi-Mubasher: Dana Gas stock rose 6.38% by 11:20am UAE time to reach AED 0.51; the highest level since 22 October.
Turnover on the stock reached AED 18.17 million as 36.5 million shares were exchanged through 261 transactions.
The stock was propelled by the company’s announcement on Sunday that a tribunal of the London Court of International Arbitration had ordered Kurdistan Regional Government (KRG) to pay $1.98 billion to a consortium including Dana Gas within 28 days.
However, KRG said it would continue to pursue huge financial claims against a consortium including Dana Gas.
"This is a partial award that does not finally determine all issues in the arbitration, and leaves many issues unresolved," the government added.
