Oct. 31 (Bloomberg) -- Barwa Real Estate Co. tumbled the most in almost three months after the third-quarter profit of Qatar’s biggest property developer declined.
The shares retreated 3.1 percent, the most since Aug. 9, to 29.95 riyals at 10:45 a.m. in Doha. The benchmark QE Index declined 0.6 percent.
Third-quarter net income plunged to 80.8 million riyals compared with 277.2 million riyals in the same period a year earlier, according to financial statements compiled by Bloomberg.
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