Doha – Mubasher: Masraf Al Rayan’s stock hit in Tuesday’s early trading its highest level since 14 months, backed by the positive results posted yesterday.
By 09:55am Doha time, the stock leapt 3.08% to QAR 40.1%.
Trading volume reached 476,300 shares exchanged through 228 transactions, making a turnover of QAR 19 million
The bank reported a net profit of QAR 2.075 billion for the fiscal year 2016, compared to QAR 2.073 billion for fiscal 2015, and recommenced cash dividends the distribution of cash dividends at SAR 2 per share or 20% of capital.
