Investors like Qatar Meat and Livestock's strategy
- Qatar: Sunday, September 09 - 2012 at 16:12
The QE 20 Index in Doha continued to struggle with the resistance barrier at 8,500, closinh 0.10% lower at 8,458.65 Sunday. Nearly all lenders lost slightly with the exception of Qatar National Bank (up 0.15% at QR133.90). Shares of Qatar Company for Meat and Livestock Trading, known as Mawashi, added 0.76% to reach QR66. Earlier in the day, Ahmad Nasser Sraiya Al Kaabi, Managing Director and Chief Executive Officer of Mawashi said on the occasion of the firm's haf-year results "the firm is currently moving towards an increased focus on food security that goes well beyond trading in meat and livestock. The company is also looking into further diversifying its portfolio by tapping into the fish and poultry industry as part of its furtur projects and plans that are under research for the future." In the first six months of 2012, Mawashi generated a net profit of QR41.7m, up from QR18.5m over the same period in 2011.
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