Qatar Stock Exchange: Best Performing Stocks This Year

The Qatar stock market saw a slight dip of 0.4% since the start of 2023.

However, certain stocks reported double-digit growth over the same timeframe, on the back of better-than-expected business performances.

Gulf International Services (GISS), a diversified group of companies, is the best performing Qatari stock so far this year, as its share price is up 44%.

This comes to little surprise to the investment community, as GISS reported strong earnings in the last financial year (EPS rose from QAR 0.029 in 2021 to QAR 0.156 in 2022).

Also, GISS’s Board of Directors recommended a cash dividend distribution for the year 2022, amounting to 10% of the nominal value of the share.

The Commercial Bank (CBQK), the country's first commercial bank, came in second, posting a growth of 24%.

CBQK reported a moderate increase in EPS, i.e., QAR 0.18 in Q1 2023, vs. QAR 0.16 in Q1 2022.

The top 5 list includes also Ooredoo (ORDS), Vodafone Qatar (VFQS), and Estithmar Holding (IGRD).

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