Emaar lifts Dubai index; Gulf markets mixed

Gulf stock markets were mixed in early trade on Thursday as quarterly earnings lifted some names in the United Arab Emirates while negative news weighed on Qatar.

Dubai’s index added 1.5 percent as Dubai Islamic Bank jumped 2.6 percent and Emaar Properties? gained 1.3 percent.The latter’s subsidiary, Emaar Malls Group, edged up 0.4 percent after reporting full-year results, even though they were slightly below analysts’ average estimate.

The firm reported an annual profit of 1.35 billion dirhams $368 millionin 2014, while analysts had expected 1.42 billion dirhams.

 

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