an investor monitors a screen displaying stock information at the abu dhabi securities exchange june 25 2014 april 11 reuters  dubais main index surged over 1 on monday amid high expectations for state utility dubai electricity and water authoritys dewa initial public offering while sentiment was muted in egypt after inflation surged dewa likely to begin trading on tuesday is set to raise 2232 billion dirhams 61 billion in the gulfs biggest ipo since saudi aramcos record deal in 2019 read more the launch could reinvigorate trading volumes as demand for the stock is still high said wael makarem senior market strategist – mena at exness dubais main share index dfmgi ended up 13 posting its best day in two weeks air arabia airadu drove the gains and ended up nearly 9 outside the gulf egypts bluechip index egx30 dropped 16 in its sixth straight session of losses egypts annual urban consumer price inflation accelerated in march to 105 its highest in nearly three years as commodity shortages drove price increases in the region read more financials dragged the index and only five stocks ended marginally higher the qatari index qsi extended gains to over 3 from the previous session to hit a record high before paring the gains to end 01 higher qatar national bank qnbkqa rose 34 after it posted a 9 rise in quarterly profit read more shares of saudi basic industries 2010se northern region cement company 3004se and saudi cement company 3030se fell between 2 and 4 as these stocks began trading exdividend reporting by tanvi mehta in bengaluru editing by shailesh kuber