Qatar Islamic Bank (QIBK) led declines in the nation’s banking stocks after profit missed analysts’ estimates and the Shariah-compliant lender reduced its dividend.
The shares of the Persian Gulf country’s biggest Islamic bank dropped 3.1 percent, the most since March 14, to 80.3 riyals, at the 1 p.m. close in Doha. Doha Bank QSC (DHBK) lost 2.9 percent after reporting earnings that matched estimates……………………………………….Full Article: Source