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During the week ended February 11, the Abu Dhabi index gained a marginal 0.05 per cent, while DFM closed lower 1.40 per cent. A 5.32 per cent decline for du, which has a 10.72 per cent weightage in the index, pulled Dubai index lower this week. du reported a profit that was 17 per cent lower and cut dividends also. This week s top-performing stocks are Dubai Insurance Company (up 51.76 per cent), Emirates Refreshment Co. (21.07 per cent), Ras Al Khaimah Poultry (15 per cent), Dubai National Insurance & Reinsurance (14.88 per cent) and Abu Dhabi National Takaful (11 per cent). An exciting company for investor play is RAK Ceramics, which can benefit from the reopening and economic recovery in the GCC. The company reported revenues of Dh2.35 billion in 2020 and a loss of Dh128 million. ....
Dubai: If you’re looking to strengthen your portfolio through diversification or add more growth potential to your investments, stocks can be an ideal component in your overall investment strategy. Given the strong possibility of economic recovery in 2021, it might be alluring to fill up your portfolio with every laggard stock that slumped during the pandemic in 2020. However, 2021 doesn’t promise any less uncertainty than its predecessor, so investors should remain cautious, as always. The pandemic has driven a worldwide reliance on technology, from e-commerce to teleconferencing, and as a result, the stocks of the top five global Tech giants, under the acronym FAAMG – Facebook, Apple, Amazon, Microsoft, and Google – have returned over 50 per cent money growth in 2020. ....