Commercial Bank of Qatar (CBQK) and Doha Bank QSC (DHBK) retreated to the lowest level this month after the lenders had their stock recommendations cut to “neutral” from “outperform” at Credit Suisse Group AG.
Shares of Commercial Bank, Qatar’s second-biggest bank by assets, dropped 1.9 percent to 73.1 riyals, the lowest intraday level since March 10 at 12:04 a.m. in Doha. Doha Bank, Qatar’s third-largest bank by assets, retreated 4 percent to 53.2 riyals, the lowest since March 20.
Commercial Bank was assigned a share price estimate of 83 riyals and Doha Bank a share price estimate of 62 riyals.
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