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The Qatar Stock Exchange declined by 2.37% during the sessions of the past week ... and a decline of 37 stocks

The general index of the Qatar Stock Exchange declined, during the sessions of the week ending, by 2.37%, losing 249.43 points to close at 10273.35 points, and trading volume reached 731.8 million shares, worth 1.8 billion riyals, through the implementation of 42 thousand transactions, and 37 stocks fell, while 11 stocks rose.


In a related context, Qatar Islamic Bank announced the invitation of the Ordinary General Assembly to convene on February 22nd to discuss the Board of Directors report on the bank’s activities and the financial position during the fiscal year ending on December 31, 2020 and the work plan for 2021, the report of the Sharia Supervisory Board The auditor's report on the bank’s budget and on the final accounts for the fiscal year ending on December 31, 2020, discussing and approving the balance sheet of the bank and the profit and loss account for the fiscal year ending on December 31, 2020.


The assembly also discusses approving the board of directors ’proposal to distribute cash dividends of 40% of the nominal value of the share at a rate of 0.40 Qatari riyals per share, increasing the maximum ceiling for Qatar Islamic Bank’s sukuk program in US dollars to become a maximum of $ 5 billion instead of $ 4 billion, after Obtaining the approval of Qatar Central Bank.


In the same context, Al Salam International Company announced the closure of the nomination for membership of the company's board of directors for the period from 2021-2023 on March 2.


All companies listed on the Qatar Stock Exchange (47 listed companies) disclosed their financial results for the period ending on September 30, 2020 - their net profit for that period amounted to 24.3 billion Qatari riyals compared to 29.4 billion Qatari riyals for the same period of last year 2019, a decrease of approximately 17% .

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