MIDEAST STOCKS-Gulf mixed, Dubai's Emaar up on strong Q2 | Reuters:
"Gulf equity markets were mixed in early trade on Monday as the global background remained gloomy, but positive second-quarter earnings and expectations supported some stocks.
Dubai's index edged down 0.5 percent with most stocks in the red. Islamic mortgage lender Amlak Finance , the most traded stock, dropped 2.8 percent to 2.09 dirhams after tumbling 8.5 percent in the previous session.
At 2.09 dirhams, the stock is still more than 100 percent up since it resumed trading in June after a six-year suspension and a debt restructuring. Many analysts believe the stock may be overvalued, and oil's fresh drop may now be encouraging some speculators to cut their exposure."
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