By: Mahmoud Gamal
Abu Dhabi – Mubasher: Abu Dhabi National Energy’s (TAQA) stock rose to the highest level since 15 November 2016, following the reduction of its capital.
TAQA added 5.7% to AED 0.55 by 11:30am UAE time.
The company’s financial future is not clear, according to Wadah Al Taha, member of the National Advisory Board of Chartered Institute for Securities and Investments (CISI).
TAQA’s stock is seeing fluctuations to cover for losses incurred by some investors, Al Taha added.
Turnover amounted to AED 6.19 million after trading 10.8 million shares.
Translated by: Julian Nabil
