DUBAI, Aug 1 (Reuters) - Dubai's stock market rose in early trade on Monday, supported by positive earnings from its largest listed stock, while Saudi Arabia's index edged up as investors bought shares on recent price dips.

Dubai's index .DFGMI was up 0.7 percent. Emaar Properties EMAR.DU climbed 1.6 percent to 6.93 dirhams after the developer reported an 8 percent rise in second-quarter net profit to 1.27 billion dirhams ($346 million), ahead of the 1.06 billion dirhams forecast by SICO Bahrain. According to Thomson Reuters data, the median target price of 11 analysts covering the stock is 9.64 dirhams.

Other property-related companies, which have not yet reported earnings, also fared well with builder Arabtec ARTC.DU gaining 1.4 percent.

Dubai Investments DINV.DU edged up 0.5 percent. On Monday the conglomerate reported a 2.3 percent fall in second-quarter net profit to 218.4 million dirhams. ID:nD5N17T02Q

Abu Dhabi's index .ADI barely moved with Aldar Properties ALDR.AD , the largest listed property developer, due to report earnings this week, slipping 0.7 percent.

Saudi Arabia's index .TASI rose 0.5 percent in the first 15 minutes of trade as some blue chips were bought. Saudi Basic Industries 2010.SE climbed 0.6 percent and Islamic lender Al Rajhi Banking 1120.SE rose 1.3 percent.

(Reporting by Celine Aswad; Editing by Andrew Torchia) ((; +971 4 4536886; Reuters Messaging: