Thursday 08, May 2014 by Robin Amlôt

Qatar Islamic Bank gaining market share, says NBK Capital

NBK Capital has increased its fair value for Qatar Islamic Bank (QIB) by 33 per cent to QAR 87.60 per share on the back of a higher net profit forecast, a higher DPS, and a richer valuation for the sample of peers. The new fair value is in line with the last closing price; hence the recommendation on the stock is ‘Hold’.

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