DUBAI, May 24 (Reuters) - Shares in companies linked to tourism underperformed in Dubai in an otherwise flat regional market in early trade on Wednesday.

Dubai's theme park operator, and constituent of the MSCI emerging market benchmark, DXB Entertainments DXBE.DU , lost 2.2 percent to 0.789 dirham, its lowest price since January 2015.

Its shares been hit hard over the last few sessions, as investors expect Ramadan and hot summer weather may reduce footfall at its Dubai hotels and theme parks.

Emaar Malls Group EMAA.DU was down 1.9 percent after the retail arm of Emaar Properties EMAR.DU said it will buy a 51 percent stake in e-commerce fashion website Namshi from Global Fashion Group (GFG), a start-up set up by Rocket Internet RKET.DE , for $151 million.

Although this may be an alternative revenue stream for Emaar Malls, which depends on brick and mortar businesses and visitors to its malls, some investors may find the expected acquisition will hurt its core business.

Dubai's index .DFMGI was flat.

In Abu Dhabi, the index .ADI was up 0.2 percent with main support from the two largest listed shares. Telecommunications operator Etisalat ETEL.AD was up 0.9 percent and First Abu Dhabi Bank FAB.AD rose 0.5 percent.

Meanwhile, Qatar's index .QSI edged down 0.1 percent with Islamic lender, Masraf Al Rayan MARK.QA , which has been rising since for six straight days, dipped 0.9 percent.

In Saudi Arabia, the index .TASI was flat after half an hour of trade, with the majority of trade focused on small and mid sized stocks.

Saudi Industrial Development 2130.SE , a company that makes various industrial and consumer goods, was up 1.7 percent in unusually high volume.

(Reporting by Celine Aswad; Additional reporting by Hadeel Al Sayegh; Editing by Andrew Torchia and Andrew Heavens) ((celine.aswad@thomsonreuters.com)(+9715 62247653)(Reuters Messaging: celine.aswad.thomsonreuters.com@reuters.net))

Keywords: MIDEAST STOCKS/