QNA & Agencies
Doha
Fifty companies listed on Qatar Stock Exchange (QSE) disclosed their financial results for the period ending on March 31, 2023. The value of their net profits for that period amounted to QR12.54 billion, compared to QR13.94 billion for the same period last year 2022, decreasing of 10.04 percent.
The industries sector declined by 44.18 percent, bringing the net profit of the sector to QR2.373 billion, followed by the consumer goods and services sector by 17.54 percent, and the real estate sector by 10.43 percent.
Meanwhile, the net profits of the insurance sector recorded the highest growth by 79 percent, to reach QR374 million, followed by the telecommunications sector, which increased by 41 percent, then the transport sector by about 2.6 percent, and the banking and financial services sector by 1.47percent.
Meanwhile, stock markets in the Gulf ended mixed on Monday.