Mubasher: Jordan Islamic Bank (JIB) on Thursday reported an 18.7% year-on-year increase in net profits in the second quarter of 2016, to JOD 16.22 million ($22.8 million), compared to JOD 13.66 million ($19.2 million).

Profits in the first six months of the year also grew 11.5%, to JOD 27.92 million compared to JOD 25.04 million in the first half of 2015.

JIB’s stock levelled up 0.28% on Wednesday, closing at 3.49%, with 43,000 shares traded at a turnover of JOD 150,300.