Abu Dhabi's ADX General Index performed in line with Dubai on Monday, advancing 1.02% at 2,561.98 points. Shares of RAK Ceramics (up 6.90% at Dhs1.55) posted the second largest gain. The listing process of RAK Ceramic's Bangladesh subsidiary has been completed at Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE). The firm received IPO collection of more than $258.6m in Bangladesh to make the company debt-free and fund future projects in the Asian country, as the public portion of the IPO was around 15 times oversubscribed. Financial bellwether National Bank of Abu Dhabi (NBAD) surged 3.79%, finishing at Dhs11.00. NBAD stocks are on the way to conclude a U-shaped reversal but face a strong chart-technical resistance at the level of Dhs12.00
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