Industries Qatar Rises Most in a Month on Profit: Doha Mover
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Industries Qatar gained the most in a month after the second-biggest petrochemicals maker in the Middle East posted a 27 percent increase in third-quarter profit, beating analysts’ estimates.
The shares climbed 1.1 percent to close at 144.1 riyals in Doha after net income rose to 2.62 billion riyals ($720 million), according to Bloomberg calculations based on nine-month results provided by the company today. The mean estimate of five analysts was for a profit of 2.15 billion riyals, according to data compiled by Bloomberg.