Mubasher: The stock of Qatar Navigation dropped 4.45% to reach QAR 88 by 11:15am Doha time on Sunday, posting the lowest level since December, 2016.

In line with the disclosure of the annual financials, the stock posted liquidity of QAR 4.6 million, after around 53,040 shares were exchanged through 38 transactions.

The company announced Sunday a decline of 35.3% in profits to QAR 711.46 million during fiscal year 2016 as compared to QAR 1.09 billion in FY15.