Qatar Electricity and Water fails to convince Doha market | Qatar Electricity and Water fails to convince Doha market -
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Qatar Electricity and Water fails to convince Doha market

: Tuesday, July 15 - 2014 @ 15:57

The QE 20 Index gained 0.85 per cent to close at 13,100 points on Tuesday, July 15, representing a five-week high.

Qatar Islamic Bank (QIB) advanced the most, ending 5.42 per cent higher at QAR107. On Monday, QIB said the net profit for the first half-year grew by 15 per cent to reach QAR725 million ($195.75 million).

Qatar Electricity and Water lost the most, finishing 1.72 per cent lower at QAR189.

The firm said its reviewed financial statements for the period ending June 30, 2014 revealed a net profit of QAR716 million ($193.32 million) in comparison to QAR637 million ($172 million) for the same period last year.

Gérard Al-Fil

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Tuesday, July 15- 2014 @ 15:57 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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