MIDEAST STOCKS-Most Gulf markets edge up on oil, but Dubai Investments sags | Reuters:
"Most stock markets in the Gulf rose slightly in early trade on Thursday, tracking oil prices and global equities, but Dubai fell after conglomerate Dubai Investments reported a sharp drop in second-quarter profit.
The Dubai index edged down 0.4 percent as Dubai Investments dropped 3.0 percent. The firm, which has interests in property, manufacturing, healthcare and education, posted a 58.6 percent drop in second-quarter net profit on Wednesday, which it blamed on a one-off gain in the prior-year period.
Telecommunications company du, which has yet to report second-quarter earnings, fell 1.1 percent after several other Gulf operators posted declining profits and missed analysts' estimates."
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