Qatar exchange continues rebound

07 July 2010

The QE Index rose 0.43% and finished at 6,881.22 points. Qatar's largest financial institution Qatar National Bank (QNB) added 0.82% and closed at QR134.50. QNB reported a net income of QR1.44bn for the second quarter (up 38% year-on-year and 14% quarter on quarter) beating the consensus. Credit Suisse Research today maintained its 'outperform' rating and a target price of QR146 per share.

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