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Du gains slightly after releasing second quarter results

The Dubai market gauge DFMGI jumped nearly two percent Monday, closing at 1,537.89 points.The UAE's second telecom provider Du reported earlier today a net profit (before royalty) increase of 57.1% year-on-year for the first six months, amounting to Dhs651m. Osman Sultan, du's CEO, said, "The second quarter remained strong for du, with continued healthy customer additions, particularly in the high-value post-paid segment, which now represents nearly eight percent of our mobile customer base." Shares of market bellwether Emaar surged four percent to hit Dhs3.37. Trading volumes soared as 141m shares worth Dhs243m changed hands.