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QNB slips by mid-trade, reverses 3-day rise

QNB slips by mid-trade, reverses 3-day rise
Photo Credit: Arabianeye - Reuters
QNB
QNBK
-1.05% 14.10 -0.15

Mubasher: Qatar National Bank (QNB) stock moved lower till Thursday’s mid-session, snapping a bull run seen in the last three days.

The stock fell 0.37% or 0.70 point to reach QAR 187.80, after 39,860 shares were exchanged in 80 trades at turnover reaching QAR 7.5 million.

The bank said Wednesday that net earnings rose 9% in the first nine months of 2015 to QAR 8.7 billion ($2.39 billion), up from QAR 8 billion ($2.2 billion) in the same period a year ago.

Earnings per share (EPS) amounted to QAR 12.5, compared with QAR 11.4 in the first nine months of 2014.

The bank’s customer deposits rose by 8.9% to QAR 381 billion from QAR 350 billion, while loans and advances increased by 11.6% to QAR 367 billion from QAR 329 billion.