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Doha

Qatari blue chips drive market higher

: Tuesday, July 22 - 2014 @ 16:07

The Doha-based Qatar Exchange 20 Index rebounded by 1.30 per cent to hit 13,258.42 points on Tuesday, July 22. Market heavyweights Industries Qatar and Qatar National Bank gained 1.90 per cent and 2.18 per cent, respectively.

Qatar International Islamic Bank or QIIB failed to follow. The Sharia-compliant bank slipped 0.35 per cent to QAR85.70.

Earlier in the day, QIIB said it achieved a semi-annual profit of QAR 67.66 million ($18.26 million), up from QAR 52.08 million ($14.06 million) for the same period last year.

Gérard Al-Fil

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Tuesday, July 22- 2014 @ 16:07 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.

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