Clear winners - and losers - among UAE stocks in first quarter investor picks gulfnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfnews.com Daily Mail and Mail on Sunday newspapers.
The DFM gained 1.66 per cent and ADX closed higher by 1.15 per cent in the week ended March 4.
The top performers are Abu Dhabi Aviation (17.41 per cent), Emirates Driving Company (14.88 per cent), Al Dhafra Insurance (14.87 per cent), RAK National Insurance (13.98 per cent) and Dubai Refreshments Co. (13.64 per cent).
Among banks, National Bank of Umm Al Qaiwain (NBQ) recently announced its earnings report for 2020. Predictably, the bank, which derives 84 per cent of its revenue from retail and corporate services, suffered a setback on account of the pandemic.
Almost 31 per cent of the loan book was advanced to the real estate sector, while 69 per cent went to the wholesale and retail trade, personal loans, manufacturing, transport and and other financial institutions. So, this is a bank that is very much correlated to the performance of the UAE economy.