Dana Gas PJSC (DANA) shares slumped the most in almost two years after the fuel producer failed to confirm whether it had reached a so-called standstill agreement with bondholders for $1 billion of sukuk due on Tuesday.
The shares tumbled 8.9 percent, the biggest decline since January 2011, to 41 fils at the close in Abu Dhabi. The stock fell 2.4 percent this month after surging 11 percent in September. Dana Gas was the most traded by volume and the biggest decliner on Abu Dhabi’s benchmark ADX General Index (ADSMI), which was little changed………………………………………..Full Article: Source