In line with the generally positive trend at global stock markets, the Doha-based Qatar market index (QE 20) ended up by 0.40 per cent to 12,727.64 points on Thursday, May 1. Al Khalij Commercial Bank gained 1.35 per cent to reach QAR22.60. Earlier in the day, Al Khaliji revealed that Fitch Ratings upgraded its long-term issuer default rating (IDR) to ‘A’ from ‘A-’. The outlook is “stable”. The ratings upgrade follows a comprehensive review by Fitch. “Fitch noted that Al Khaliji’s rating benefits from a stable and supportive operating environment and reflects its conservative risk management and sound asset quality,” the lender revealed in a filing to the bourse.
Thursday, May 1- 2014 @ 17:42 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.