The QSTB feature, the Qatar Stock Exchange, rose 8.33% in the stock exchange trading today, Wednesday, to trade at the price of 3.318 riyals per share, to achieve the largest daily gains in 14 months.
6.47 million shares of the QSTB feature were traded at that time, at a value of trading 21.27 million riyals.
The highest price for the share at that time was at 3.369 riyals, while the price of the share was at 3.073 riyals.
The stock touched the highest price in a year, two months and 16 days.
The QSTB feature announced a net profit of 13.12 million Qatari riyals during the first quarter of 2025, with an annual growth of 12.52% compared to profits of 11.66 million riyals in the same period in 2024.
Despite this growth, the arrow’s profitability has settled at 0.02 Qatari riyals, the same value recorded in the first quarter of the previous year.
In terms of annual performance, the company’s net profit for the fiscal year ending on December 31, 2024 amounted to about 60.43 million riyals, compared to 60.23 million riyals during the year 2023, which reflects relatively stability in profits.
On the other hand, the results of the first nine months of 2024 showed a slight decline in performance, as profits reached 41.99 million riyals, compared to 46.02 million riyals for the same period in the previous year.
It is noteworthy that the QSTB feature, known as “Maza”, is a public company listed on the Qatar Stock Exchange since August 2023. It works in the Information Technology and Systems Consulting Services Sector, and was established in March 2008 and is based in Doha, Qatar, its headquarters.
