Qatar … $ 6.6 billion in profits of listed companies

It represents the profits of 47 companies during the first nine months of 2020

The Qatar Stock Exchange announced, on Sunday, that the profits of its listed companies during the first nine months of 2020 have decreased to 23.8 billion riyals ($ 6.64 billion).

According to the Qatar Stock Exchange statement, the profits of 47 companies listed on the Qatar Stock Exchange during the nine-month period decreased by 17.9 percent on an annual basis, compared to 28.9 billion riyals ($ 8 billion) in the same period of 2019.

The Qatar Stock Exchange is the second largest market in the region in terms of market value, after Saudi Arabia, with about $ 156 billion, according to the close of the Sunday session.

The companies listed on the Qatar Stock Exchange are divided into 7 main sectors, namely banking and financial services, industry, real estate, transport, telecommunications, goods and consumer services, and insurance.

The economic pressures caused by the outbreak of the “Corona” virus were reflected in the financial results of companies listed on the Qatar Stock Exchange.

The Doha Securities Market was established in 1995 and officially started its operations in May 1997, and in June 2009, the Doha Securities Market was renamed to take the name Qatar Stock Exchange.


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