Winners all
In the UAE s stock universe, 50 of the 126 listed stocks posted positive returns. The Top 5 performers were International Holdings Co. (up 577 per cent), Gulfa Mineral Water (304 per cent), Abu Dhabi National Energy Co. (aka TAQA, and with a gain of 206 per cent), Dubai Islamic Insurance (138 per cent) and Arkan Building Materials (110 per cent).
The relentless pace of its acquisitions supported International Holdings Co. s share rally. TAQA benefitted from its merger with Abu Dhabi Power that made it the premier utility company in the UAE. Stocks that suffered the largest declines last year were DXB Entertainments (52 per cent), Arabtec Holding (59 per cent) and Emirates REIT (69 per cent).
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