Asmak leads Abu Dhabi market rebound

June 19, 2014 5:04 pm

The Abu Dhabi market index closed 0.50 per cent to hit 4,803.79 points on Thursday, June 19. International Fish Farm Holding Company, better known as Asmak, jumped 10.70 per cent to hit AED6.00. Dana Gas rebounded by 1.35 per cent, finishing at AED0.75. Earlier in the day, the Sharjah-based energy company revealed in a filing to the bourse that regulatory authorities have given the green light for the planned increase of its share capital by AED29.55 million through the conversion of voluntary conversion notices received between May 1 and May 15, amounting to $6 million of a convertible sukuk.

Gérard Al-Fil