Monday, 20 May 2013 18:39
Posted by Muhammad Iqbal
ABU DHABI: Abu Dhabi National Energy Company (TAQA) said on Monday it was looking at ways to improve the liquidity of its shares but had not taken any steps to remove a barrier to foreigners holding its stock.Abu Dhabi newspaper The National said on Monday that TAQA was considering a dual listing on the London stock exchange and an opening up of its free-float of shares domestically to foreign investors.TAQA is 75 percent owned by the Abu Dhabi government, while foreigners are currently not allowed to trade in the remaining stock listed on the Abu Dhabi stock market.While the Abu Dhabi bourse has boomed this year, rising 33.9 percent year-to-date, TAQA's stock has declined 4.4 percent in the same period."TAQA confirms (it is) exploring opportunities to enhance the liquidity of its shares traded on the Abu Dhabi exchange but has not taken any decisions in this regard," the company said ...
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ABU DHABI: Abu Dhabi National Energy Company (TAQA) said on Monday it was looking at ways to improve the liquidity of its shares but had not taken any steps to remove a barrier to foreigners holding its stock.Abu Dhabi newspaper The National said on Monday that TAQA was considering a dual listing on the London stock exchange and an opening up of its free-float of shares domestically to foreign investors.TAQA is 75 percent owned by the Abu Dhabi government, while foreigners are currently not allowed to trade in the remaining stock listed on the Abu Dhabi stock market.While the Abu Dhabi bourse has boomed this year, rising 33.9 percent year-to-date, TAQA's stock has declined 4.4 percent in the same period."TAQA confirms (it is) exploring opportunities to enhance the liquidity of its shares traded on the Abu Dhabi exchange but has not taken any decisions in this regard," the company said ...
SEOUL: South Korean shares edged lower on Monday, with gains in automakers such as Hyundai Motor offset by falls in food companies as institutions took profits on the sector."Although the market ended on a weaker note, the return of foreign investors comes as a positive sign. We will probably see stronger foreign money inflows as soon as the Vanguard-related share sale is over," said R.S. Rhoo, a market analyst at Hyundai Securities, adding that a ...
HONG KONG: Hong Kong shares finished 1.78 percent higher on Monday following a three-day weekend, reflecting a bullish mood on Wall Street which ended last week at another all-time high.The benchmark Hang Seng Index added 410.35 points to end at 23,493.03 on turnover of HK$69.06 billion ($8.89 billion).Chinese shares closed up 0.75 percent on Monday as investors hunted for bargains in property and banking stocks, dealers said. The benchmark Shanghai Composite Index rose 17.12 points ...
HONG KONG: Asian shares rose on Monday reflecting a bullish mood on Wall Street and extending their two-week rally, buoyed by better-than-expected US data.Tokyo stocks were up 1.47 percent, or 222.69 points, to 15,360.81, while Taipei edged up 0.11 percent, or 8.86 points, to 8,377.05, and Sydney gained 0.54 percent, or 28.2 points, to close at 5,209.0.Hong Kong was 1.72 percent higher, or 397.09 points, to 23479.77, as Shanghai gained 1.09 percent, or 24.85 points, ...
TOKYO: Tokyo stocks gained 1.47 percent Monday as investors renewed their hopes for Tokyo's growth policy while strong US data and the weaker yen continued to encourage investors.The benchmark Nikkei 225 index soared 222.69 points to 15,360.81, the best close since December 2007. The Topix index of all first-section issues climbed 1.30 percent or 16.27 points to 1,269.51.Copyright AFP (Agence France-Presse), 2013 ...
SHANGHAI: Chinese shares were up slightly in early trading on Monday due to buying of property stocks, dealers said.The benchmark Shanghai Composite Index rose 0.12 percent, or 2.69 points, to 2,285.56.Copyright AFP (Agence France-Presse), 2013 ...
