The DFM gained 0.99 per cent and ADX 1.98 per cent for the week ended April 8.
The top gainers were International Holding Co. (35 per cent), Gulf Cement Co (14.35 per cent), Arkan Building Materials (13.23 per cent), Zee Stores (9 per cent) and Abu Dhabi National Takaful (6.56 per cent). With a spectacular rise of 105 per cent, International Holding is the top performer so far this year.
The company s shares are supported by a string of acquisition deals that help it grow at a terrific pace. The second best was Dubai Insurance Co. with 78 per cent.
Agthia Group, an Abu Dhabi based F&B company with a market cap of Dh4.80 billion and a dividend yield of 2.51 per cent too, delivered a magnificent return of 56 per cent for shareholders. The company has a world-class portfolio of integrated businesses and brands, which include Al Ain Water, Grand Mills Flour and Yoplait Yogurt.
DNP: Abu Dhabi s F&B giant Agthia is working up an appetite for canny acquisitions
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Clear winners - and losers - among UAE stocks in first quarter investor picks
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Diversification plays
ERC planning to invest in real estate, construction and facility management, as well as in industrial and mining activities, and healthcare. And sectors like mining and food generally operate at razor-thin margins. It is highly unlikely that ERC will be making significant profits with a capital of Dh300 million, even if it can leverage it.
The current retail mania seems to have triggered this rally, and investors will be better off not chasing this rally.
Aldar Properties, a well-run real estate company, has assets of Dh39.5 billion from which it generated revenues of Dh7.98 billion in the last 12 months. And it struck a profit of Dh1.45 billion giving it a net profit margin of 18.2 per cent.
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.