Mideast Stocks: Most Gulf bourses end higher as DAMAC lifts Dubai – ZAWYA

Mideast Stocks: Most Gulf bourses end higher as DAMAC lifts Dubai – ZAWYA

Mideast Stocks: Most Gulf bourses end higher as DAMAC lifts Dubai | ZAWYA MENA Edition HomeMarketsEquitiesArticleMideast Stocks: Most Gulf bourses end higher as DAMAC lifts Dubai DAMAC sees biggest intraday gain in over 3 months    An investor looks down towards the trading floor of the Dubai Financial Market during operating hours in the Dubai World Trade Center in Dubai, August 9, 2007.Most major Gulf markets closed higher on Sunday, as investor focus turned to corporate earnings starting this week, while a surge in DAMAC Properties helped the Dubai bourse.Dubai's main share index ended 0.2% up, with DAMAC Properties surging 11.6%, its biggest intraday gain since March 25.On Thursday, Maple Invest said that on behalf of DAMAC founder and chairman Hussain Sajwani and his group, it was exploring the possibility of his buying out minority shareholders and taking the company private.Dubai's main share index ended 0.2% up, with DAMAC Properties surging 11.6%, its biggest intraday gain since March 25.Most major Gulf markets closed higher on Sunday, as investor focus turned to corporate earnings starting this week, while a surge in DAMAC Properties helped the Dubai bourse.On Thursday, Maple Invest said that on behalf of DAMAC founder and chairman Hussain Sajwani