MIDEAST STOCKS-Arabtec drags down Dubai after Q2 loss, MSCI lifts Qatar | Reuters:
"Most Gulf stock markets edged down in early trade on Sunday, led by Dubai where shares in builder Arabtec tumbled after posting a third quarterly loss in a row. However, share prices in Qatar rose after index compiler MSCI increased Qatar's weighting in its emerging markets index.
Dubai's index lost 0.8 percent and Arabtec, the most traded stock, fell 4 percent after it reported a net loss of 718.3 million dirhams ($196 million) in the second quarter, having made a profit in the same period last year of 102.4 million dirhams.
Two analysts polled by Reuters had forecast Arabtec would make a quarterly profit of 88.4 million and 90.6 million dirhams respectively."
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