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  • 12-01-19

    Qatari stocks likely to preserve profits growth momentum

    (MENAFN) Qatar is expected to see its stocks preserve the pace of their profit developments during the fourth quarter of last year.

    Qatari stocks under the coverage of QNB Financial Services (QNBFS) are forecast to see their profit growth pace hit a +18.3 percent on annual basis.

    Under its coverage, QNBFS is projecting an optimistic earnings momentum of stocks belonging to Industries Qatar (IQ), Doha Bank and Vodafone Qatar.

    Throughout last year, the Qatari Index was confirmed to have recorded a significant recovery with a 36.0 percent boost and a 43.0 percent surge on a total return compared to 2017.

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