By Waleed Abd Alsalam
Mubasher: The Qatari bourse-listed banks' profits for the first half of 2016 rose 6.7% year-over-year to QAR 9.8 billion ($2.6 billion) from QAR 9.2 million ($2.5 million).
The lion share was registered by QNB as its profits were stronger 10.7% year-on-year to QAR 6.2 billion from QAR 5.6 billion.
Al Khalij Commercial Bank scored the lowest profitability rate in the first half after earning QAR 320 million, higher 6% from QAR 302 million for the year-ago period.
Meanwhile, the highest profitability rate during the first half was achieved by Qatar Islamic Bank as its net profits soared by 17.32% year-on-year to QAR 1.1 billion from QAR 895 million.
There are nine banks trading on the Qatari Stock Exchange (QSE)
