Doha – Mubasher: Qatar Gas Transport Company’s (Nakilat) stock fell to its lowest level in 15 months or since early February 2016.

By 11:30 am Qatar time, the stock shed 0.41% to QAR 19.63 per share.

Qatar National Bank (QNB) decreased the price target (PT) of the stock to QAR 25, with a recommendation to keep the stock. QNB attributed the lower PT to higher operating expenses and lower revenues from shipbuilding operations.

Nakilat’s profits tumbled 20.4% to QAR 191.06 million in the first quarter of 2017, compared to QAR 239.97 million in Q1-16.