Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Dubai's stock index rose for a third session in a row Monday to lead Gulf market gains, while Industries Qatar shrugged off a fifth straight decline in quarterly profits as investors bet the company's performance would improve in the second half of 2014 .Dubai rose 1.7 percent to six-day closing high of 4,820 points as 196 million shares changed hands, nearly double Sunday's 13-month low of 100 million.In Doha, Industries Qatar recovered from an early-session drop to end 0.8 percent higher at 171.50 riyals, rebounding from near technical support on the June low of 164 riyals despite reporting a 38 percent drop in second-quarter net profit.IQ's shares have remained resilient and are up 21.6 percent since the start of 2013 .Naeem has a target price of 194.4 riyals per share for IQ in addition to a "hold" rating.
FOLLOW THIS ARTICLE