For the week ended May 27, the DFM rallied 2.38 per cent and ADX closed higher by 0.47 per cent.
The top gainers are Abu Dhabi National Hotels (24.58 per cent), National Marine Dredging Co. (24.10 per cent), National Corporation of Tourism and Hotels (17.14 per cent), Ras Al Khaimah White Cement (14.94 per cent) and Abu Dhabi National Takaful (12.90 per cent).
Let us take a look at the listed shares in the UAE banking sector. This year, Emirates NBD is the best performer with a gain of 31 per cent. First Abu Dhabi Bank also had a stellar gain of 25.58 per cent.
Of course, reports that First Abu Dhabi Bank s weighting in the MSCI Emerging Markets index could increase helped the shares to rally. Among listed banks, the others to have done well this year are Abu Dhabi Islamic Bank (20.64 per cent), Abu Dhabi Commercial Bank (9.35 per cent), and Sharjah Islamic Bank (6.82 per cent).