Market index and volumes down in Doha

18 July 2010

The Qatar Exchange (QE) Index ended 0.72% lower at 6,913.11 points as some 2.56m shares changed hands, down 30.8%. Financial shares in particular suffered losses. The country's largest bank Qatar National Bank (QNB) eased 0.44% and finished at Qr136.50 while Commercial Bank of Qatar (CBQ) ended down 1.20% at QR66.90. Real estate firm United Development Company (UDC) added 1.67%, closing at QR24.30. The reviewed financial statements for the period ending June 30, 2010 revealed a net profit of QR340.9m in comparison to QR325m for the same period last year. UDC's Earning per Share (EPS) amounted to QR2.54 as of June 30, 2010 versus QR2.42 for the corresponding period in 2009.

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