UPDATE 1-MIDEAST STOCKS-Gulf mostly flat after some Q1 results disappoint | Reuters:
"Most Gulf stock markets were flat in early trade on Thursday after some companies in the region reported poor first-quarter earnings, offsetting the positive impact of high oil prices.
Dubai's index rose initially but then struggled with major technical resistance at its 200-day average of 4,250 points and was nearly flat by 0655 GMT.
However, Emaar Malls Group (EMG), a unit of Dubai's biggest listed developer Emaar Properties, climbed 1.0 percent after reporting a 32 percent rise in first-quarter net profit on Wednesday."
'via Blog this'
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