Doha - Mubasher: Masraf Al Rayan on Monday reported a 5.3% increase in net profits to QAR 513 million ($140.8 million) in Q2-16 from QAR 487 million ($133.7 million) in the same period last year.

Profits in the first half of 2016 went up 5.2% to QAR 1.05 billion ($411.90 million) compared to QAR 998 million ($274 million) in the year-ago period, according to the bank’s statement to Qatar stock exchange (QE).

The bank’s share closed Monday at a rise of 2%, after 563,800 shares exchanged at a turnover of QAR 20.05 million ($5.51 million).