Abu Dhabi-Mubasher: The stock of Abu Dhabi National Energy (TAQA) saw a downtrend in Wednesday’s mid-session, following the announcement of its first-quarter profits.
TAQA’s stock retreated 1.7% to AED 0.56 by 1:20am UAE time, with a turnover of AED 445,850 generated from the exchange of 808,800 shares.
The services sector fell 10.4%, while Abu Dhabi market’s main index retreated 1.04%.
Abu Dhabi National Energy (TAQA) logged losses of AED 608 million ($165.56 million) in the first quarter of 2016, according to a bourse statement.
