“Qatar Commercial” shares ascends to the highest price in 15 months

The shares of the Commercial Bank listed on the Qatar Stock Exchange ascended by 1.95% during the stock exchange trading on Monday, to circulate at the price of 4.650 riyals per share, achieving its highest price in 15 months.

5.45 million shares of Commercial Bank were traded at that time, with a value of trading 25.19 million riyals.

The highest price for the share was at that time at 4.650 riyals, while the lowest price was at 4.548 riyals per share, to touch the highest price in a year, 3 months and 19 days.

The Qatar Commercial Bank announced its financial results for the first half of the year 2025, as the net profit amounted to 1.26 billion riyals, compared to 1.57 billion riyals for the same period in 2024, recording a decline of approximately 19.7%.

Commercial Bank

The arrow’s profitability also decreased to 0.32 Qatari riyals during the first six months of this year, compared to 0.40 Qatari riyals in the first half of last year.

The bank’s board of directors approved, during its meeting on May 22, 2025, a plan to retake up to 10% of the fully exported and paid shares, after obtaining the required organizational approvals.

In light of this step, and given the growth of the loan portfolio, the bank decided not to distribute phased profits for the first half of 2025.

It is noteworthy that the profits of the bank had recorded a decline of 18.74% during the first quarter of this year, to reach 651.41 million riyals, compared to 801.62 million riyals during the same period in 2024.