In the bustling Qatar stock market, one company is stealing the spotlight with an impressive ascent—Gulf International Services (GISS).
As of November 8, 2023, GISS is the undisputed leader on the Qatar Stock Exchange (QSE), experiencing a 92% growth, almost doubling its stock price since the beginning of the year.
GISS is one of the largest diversified service groups in the country.
The recent interim financial statement for the nine months ending September 30, 2023, showcases a substantial leap in Net Profit.
It soared from QAR 266,876,000 in the same period the previous year to an impressive QAR 414,605,000.
Adding to its triumphs, GISS's Board of Directors recently greenlit the final merger transaction agreements for Amwaj, a catering service, further solidifying the company's strategic moves.
While GISS leads, Qatar Oman for Investment (QOIS) secures the second spot with a commendable 66% growth.
Established in 2006, Qatar Oman Investment Company focuses on investing funds in various opportunities in Qatar and Oman.
However, a closer look at QOIS's latest interim financial report reveals a loss per share of QAR 0.005 as of September 30, 2023, compared to earnings per share of QAR 0.010 for the same period in 2022.
In this dynamic market landscape, other notable performers include Alkhaleej Takaful (AKHI) with a 27% growth, Qatar Insurance (QATI) with a 26% growth, and Qatar German for Medical Devices (QGMD) with an impressive 23% growth.
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