DUBAI, July 27 (Reuters) - Gulf stock markets were little moved in early trade on Wednesday, dampened by weak oil prices and mixed second-quarter earnings in Saudi Arabia, while Dubai's Emaar Properties EMAR.DU again pulled back from major technical resistance.

The Dubai index .DFMGI edged down 0.2 percent as Emaar, which has since last week been testing resistance on its October peak of 7.01 dirhams, slipped 0.6 percent to 6.86 dirhams.

Logistics company Aramex ARMX.DU dropped 0.8 percent after jumping 5.5 percent on Tuesday. After the close on Tuesday, Bloomberg reported, citing unnamed sources, that founder Fadi Ghandour had sold his entire 9.9 percent stake in the firm to Gulf investors including Emaar Chairman Mohamed Alabbar.

Dubai exchange data on Wednesday showed no such ownership change.

Dubai Islamic Bank DISB.DU added 0.6 percent after posting a 3 percent increase in second-quarter net profit, broadly in line with analysts' forecasts. ID:nD5N17T028

In Saudi Arabia, retailer Fawaz Abdulaziz Alhokair Co 4240.SE jumped 6.9 percent after reporting a 0.9 percent year-on-year rise in net profit for the latest quarter to 212.6 million riyals ($56.7 million).

EFG Hermes had forecast 170.1 million riyals and NCB Capital 190.0 million. ID:nD5N17T02A

Low-cost retailer Abdullah Al Othaim 4001.SE dropped 1.5 percent after posting a 9.6 percent drop in quarterly profit, citing higher personnel and promotional expenses as well as rises in transport and electricity costs due to austerity measures in the 2016 state budget.

Saudi Telecom 7010.SE sank 1.2 percent after reporting a 27.1 percent year-on-year fall in quarterly profit to 1.87 billion riyals. Analysts had on average forecast 2.37 billion. ID:nL8N1AC4VM ]

National Shipping Co of Saudi Arabia 4030.SE (Bahri) rose 0.8 percent after reporting a 47.2 percent leap in profit to 504.18 million riyals. Alistithmar Capital had forecast 308.4 million. ID:nD5N1A500E

National Commercial Bank 1180.SE was flat after its board recommended paying a cash dividend of 0.60 riyal per share for the first half of 2016, down from 0.80 riyal a year earlier. ID:nD5N17T00Z

Abu Dhabi's index .ADI edged up 0.1 percent, buoyed by a 1.7 percent gain in Aldar Properties ALDR.AD after the company said it would expand its retail business in the city of Al Ain.

Qatar's index .QSI dropped 0.5 percent in a broad-based decline, although telecommunications operator Ooredoo ORDS.QA rose 0.3 percent after reporting a 16.4 percent gain in second-quarter net profit, in line with estimates, buoyed by its Asian businesses. ID:nL8N1AC6P0

(Reporting by Andrew Torchia; Editing by David Holmes) ((andrew.torchia@thomsonreuters.com)(+9715 6681 7277)(Reuters Messaging: andrew.torchia.thomsonreuters.com@reuters.net))