By: Mahmoud Gamal
Abu Dhabi – Mubasher: Abu Dhabi-listed RAK Ceramics witnessed the most active trading since mid-November 2014 in Sunday’s mid-session.
Trading on the stock reached 43.655 million shares by 11:25am UAE time, accounting for 35% of the market’s trading volume totalling 124.93 million shares.
The stock saw a turnover of AED 43.65 million, representing 26.5% of the market’s AED 164.74 million liquidity.
The company’s stock fell 0.97% to AED 3.05, pushing the industrial sector to fall 0.65%.
RAK Ceramics’ stock is possibly seeing selling pressures by one of its main shareholders, according to capital market analyst Fawzi Abdullah said, adding that the company is in a good financial position.
The stock is likely to fall below the level of AED 3, the analyst added.
The Abu Dhabi Securities Exchange’s (ADX) main index slid 0.05% to 4,478.46 points during the same time.
Translated by: Julian Nabil
