I am novice in the stock business, and would appreciate an explanation as to why QNB share price is dropping drastically?
it was 202QR 8 days ago, it's 137 today!!!
QR202 was before Ex date I mean before AGM. Those hold on that day entitiled to get 10% dividend Plus 30% bonus share Plus 25% right to buy at 100 per share. if you add all of them per share it will be nearly 146 per share today (if you buy at even QR 202).
Today Qatar Central Bank decided to close down Islamic division of conventional banks by this year end (QNB,Doha, CBQ, AlAhli, HSBC etc) that why all islamic bank moving north and conventional bank moving south.
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why is this? ..did anyone buy QNB shares now?
QR202 was before Ex date I mean before AGM. Those hold on that day entitiled to get 10% dividend Plus 30% bonus share Plus 25% right to buy at 100 per share. if you add all of them per share it will be nearly 146 per share today (if you buy at even QR 202).
Today Qatar Central Bank decided to close down Islamic division of conventional banks by this year end (QNB,Doha, CBQ, AlAhli, HSBC etc) that why all islamic bank moving north and conventional bank moving south.
thanks
Off loaded mean profit and bonus delivered to share holders.
I think due to annual profit announcement. Share holders have already gotten profit. for next announcement one will has to wait for one year.
Time to buy