MIDEAST STOCKS-Emaar Malls weighs on Dubai; SABIC down before earnings | Reuters:
"Gulf stock markets traded in a narrow range on Thursday as the operator of the region's biggest mall in Dubai slightly missed earnings forecasts and other bourses lacked strong positive catalysts.
Dubai's index was virtually flat, while Emaar Malls Group (EMG), which operates Dubai Mall, and its parent Emaar Properties fell 1.5 percent and 0.5 percent respectively.
EMG reported a 43 percent rise in second-quarter net profit to 412 million dirhams ($112.2 million). Investment bank EFG Hermes had forecast EMG would make 445 million dirhams and Naeem brokerage had expected 425 million. Quarter-on-quarter, EMG's net profit fell 5 percent."
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