Ras Al Khaimah Properties took center stage on the Abu Dhabi market on Sunday, with the company's traded shares accounting for some 25.5 per cent of the overall value of shares traded throughout the course of the day.
Etisalat came in second in terms of the value of shares traded, with Dh15.6 million worth of transactions recorded by the day's end, according to Gulf News. The firm's share price fell by Dh0.4 as compared to the previous day, and closed at Dh18.35.
The Abu Dhabi market generally held on to its recent characteristic slow pace, with the market falling somewhat by 0.74 per cent, and reaching 3,473.87 points by the end of the day.
"Etisalat still has a potential for more gains, but the ride upwards can be quite bumpy given the losses many investors incurred earlier," said one unnamed analysts.
"They're anxiousness to recover their funds, accordingly they capture any opportunity to collect fast gains," the analyst added.
Ras Al Khaima Properties is the premier real estate development company of Ras Al Khaimah, and the largest property developer in the emirate. The company recently announced a steady growth for the entire first half of 2006.
