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Dubai Islamic Bank posted a 59.6 percent jump in second-quarter net profit Thursday. The bank made 667.5 million dirhams ($181.8 million) in the quarter, beating analysts' forecast of 627.3 million dirhams.UAE NBD also beat analysts' estimates when it reported a 34.8 percent jump in quarterly profit.Arabtec earned 103 million dirhams in the second quarter, while analysts polled by Reuters had on average forecast 111 million dirhams.The stock had plunged its 10 percent daily limit Thursday after the company posted a quarterly net loss of 42.9 million riyals ($11.8 million) compared to a profit of 40.6 million riyals in the year-earlier period.Bahrain Telecommunications Co. fell 1.6 percent after posting a 22.4 percent drop in second-quarter profit Sunday.
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