Abu Dhabi index fell for the second day, losing 1.07 per cent yesterday to close at 5,063.24.
Led by Abu Dhabi National Energy Company, Taqa, the state-controlled global energy investment company, which had the biggest one-day drop in two years, the energy sector tumbled 5.49 per cent.
Taqa, which announced this week the sale of $4.15 billion worth of bonds convertible to shares primarily to its shareholders, lost 9.79 per cent to close at Dh3.41. Dana Gas and Aabar Investments also dragged lower, declining 1.45 per cent and 0.26 per cent respectively.
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