Qatar market trails global rebound trend
The Doha-based QE 20 Index advanced by 0.50 per cent to reach 13,137.43 points on Monday, August 11. Qatar National Bank gained 1.29 per cent to hit QAR180.40. Industries Qatar added QAR171.50, finishing at QAR171.50.
Earlier in the day, the most valuable Qatari firm revealed that, in Q2 2014, net profit reached QAR1.2 billion, a decrease of QAR0.3bn over Q1 2014, “as the group continued its series of major shutdown programmes, including warranty shutdowns that were planned for H1 2014.”
These preventive maintenance and warranty shut downs were an “essential requirement” for large, industrial facilities, as they can help minimise unplanned disruption, ensure product quality is maintained and, ultimately, contribute to an extension of the plants’ production life, improved reliability, and optimise environmental impact, reveals Industries Qatar.