Gulf Cement Company, Abu Dhabi’s largest Construction company by market capitalisation, hit a 52-week low of AED3.18 during the day.
In the last three months the stock has hit a new 52-week low twelve times, pointing to a significant downtrend. The stock fell for a second day on Sunday. The share price crashed 52 Fils (or 14.1 per cent) to AED3.18. Compared with the General Index which fell 9.4 points (or 0.3 per cent) on the day, this represented a relative price change of -13.7 per cent.