BUZZ-Dubai's Emaar Properties rises on Q1 earnings

May 2 (Reuters) - ** Shares in Emaar Properties rise 0.9 percent to 6.70 dirhams in opening minutes ** Company reported 17 percent increase in first-quarter net profit to 1.21 billion dirhams ($330 million); SICO Bahrain had forecast 1.22 billion dirhams ** Deutsche Bank slightly raised target price for stock to 10.70 dirhams from 10.50 dirhams, with "buy" rating ** Faces strong technical resistance around 7.00 dirhams, where stock peaked in October and April ** Dubai stock index edges down 0.1