Damac Jumps After Dubai Trump Resort Builder Says Profit Climbed
This article is for subscribers only.
Damac Properties Dubai Co., the builder of Tiger Woods and Donald Trump branded projects, advanced the most since starting to trade in Dubai in January after saying first-half profit rose by more than 50 percent.
Damac was up 15 percent at the close on Wednesday to 3.68 dirhams, making it the biggest gainer and the second-most traded stock on Dubai’s benchmark DFM General Index, which advanced 1.7 percent.