RAK Ceramics Maintained at Buy as FAB Notes 'Resilient' Q2 Performance

06:33 AM EDT, 08/13/2026 (MT Newswires) -- FAB Securities maintained its buy rating on RAK Ceramics (ADX:RAKCEC), with a price target of 3.45 Emirati dirhams, following the company's second-quarter earnings. According to a Thursday note, the ceramics manufacturer logged a 1.1% year-over-year increase in second-quarter attributable net profit to 66 million dirhams, which surpassed FAB's forecast of 24 million dirhams. Revenue, meanwhile, declined 0.5% to 823 million dirhams, compared with the research firm's estimate of 756 million dirhams. "The Company delivered a resilient performance in 2Q26 despite ongoing regional conflicts, export restrictions and supply chain disruptions, supported by robust demand across the UAE, Saudi Arabia and Bangladesh. The UAE remained the strongest-performing market, driven by healthy project execution, resilient retail demand and import disruptions, enabling the Company to gain market share through reliable product availability and uninterrupted customer deliveries," analysts wrote.