WDAM
Doha-Mubasher: Widam Food Company topped the decliners on Tuesday, pressured by its recent 2014 cash dividends.
The company’s shareholders previously approved a cash dividend of 25% at QAR 2.5 per share for 2014.
Widam reversed its 2-session rally, losing QAR 2.20 to reach QAR 56.60 after trading 2,400 shares through five transactions, at a turnover of QAR 135,900.
The Qatar-listed firm reported a rise in net profit by 13.3% to QAR 62.2 million ($17 million) in 2014, compared to QAR 54.9 million ($15 million) in 2013.