Doha – Mubasher: Qatar National Bank (QNB) kept the price target (PT) of Qatar International Islamic Bank (QIIB) at QAR 63, 1% higher than the current price.
QNB said that adding the real estate activity to QIIB’s business may lead to a decline in the value of its stock, according to a report released on Wednesday.
QIIB posted on Wednesday a net profit of QAR 236.5 million for the first quarter of fiscal year 2017, 6% up from QAR 223.1 million for Q1-16.
Earnings per share (EPS) reached QAR 1.56 in Q1-17, compared to QAR 1.47 in the corresponding period of 2016.
The stock closed trading with a rise of 1.28% to QAR 63.2.
