Damac Properties extended gains on Monday after showing interest in a project in London.
The company said in a statement on Sunday it was interested in taking an equity stake in a project to build a 50-storey mixed-use tower in central London, which would mark its entry into the British market.
“Damac may witness more upside and hit a new target of Dh3.2 within a few weeks, so I recommend buying this share,” said Osama Al Ashri, member of British organisation, the Society of Technical Analysts.
Damac shares ended at Dh2.58, up 6.6 per cent after gaining more than 40 per cent in the previous week.
