" /> " /> " />

Banks keep Qatar bourse advancing

07 October 2010

Despite losses in the industry and services sector, the QE Index in Doha extended its gains slightly, closing 0.20% higher at 7,765.45. Qatar National Bank (QNB), the country's largest lender by assets, reached QR156.10 (up 1.69%). Credit Suisse analyst Mohammed Hawa says in a today's released statement, that the Swiss bank maintains its outperform rating on QNB, and raises the 12 month target price to QR182. "We also upgrade our 2010E-2012E cumulative EPS estimates by 14%", Hawa writes. Qatar Telecom Q.S.C., known as Qtel (flat at QR173.60), announced today the successful pricing of $1.5bn senior unsecured notes issued by its wholly owned subsidiary.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications